After Testing a Hypothesis,we Decided to Reject the Null Hypothesis

question 14

Multiple Choice

After testing a hypothesis,we decided to reject the null hypothesis.Thus,we are exposed to

• A)Type I error.
• B)Type II error.
• C)either Type I or Type II error.
• D)neither Type I nor Type II error.

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Definitions:

Gross Asset

Total value of all assets owned by an entity before any deductions for liabilities or depreciation.

Estate Tax

A tax levied on the net value of the estate of a deceased person before distribution to the heirs.

Valuation

The process of determining the current worth of an asset or a company.

Wal-Mart Stores

A global retail company managing a series of supercenters, budget department stores, and supermarkets.