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What Do the Terms Producer's Risk and Consumer's Risk Mean

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What do the terms producer's risk and consumer's risk mean?


Definitions:

Type II Error

The error that occurs when a statistical test fails to reject a false null hypothesis (a "false negative").

Innocent Person

An individual who has not committed the crime or offense they are being accused of.

Acquitted

Declared not guilty of a criminal charge in a court of law.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, proposing that there is a significant difference or effect.

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