Consider the Following Hypotheses That Relate to the Medical Field

question 124

Multiple Choice

Consider the following hypotheses that relate to the medical field: H_o: A person is free of disease.
H_A: A person has disease.
In this instance,a Type II error is often referred to as ___________.

• A) a false positive
• B) a false negative
• C) a negative result
• D) the power of the test

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Definitions:

Opportunity Cost

The potential benefit that is given up when one alternative is selected over another.

Variable Selling

Variable selling costs are expenses that fluctuate with sales volume, such as commissions and credit card fees, which increase as sales increase.

Administrative Expense

Costs related to the general administration of a business, such as salaries of executive officers and costs of the head office.

Direct Labour

The wages or salaries paid to employees directly involved in producing goods or providing services.