Show-Me Display Company,a Creditor,agrees to Sell Display Cases to Total

question 36

Multiple Choice

Show-Me Display Company,a creditor,agrees to sell display cases to Total Retail,Inc.(TRI) .TRI agrees to make monthly payments on the cases,which serves as collateral for the debt until the balance is paid.To protect its claim in the collateral,Show-Me should

• A)personally contact TRI's other creditors.
• B)file a financing statement with the appropriate state or local offi?cial.
• C)send notice by mail to TRI's potential customers.
• D)station a Show-Me employee on TRI's premises.

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Definitions:

Type II Error

Occurs when a false null hypothesis is not rejected.

Statistical Power

The probability that a statistical test will correctly reject a false null hypothesis, a measure of a test's ability to detect an effect if there is one.

Type II Error

The error made by failing to reject a false null hypothesis, also known as a "false negative."

Type I Error

The mistaken dismissal of an accurate null hypothesis, frequently referred to as a false positive.