An Example of a Type I Error Would Be

question 67

Multiple Choice

An example of a type I error would be:

• A) throwing away a perfectly good banana.
• B) counting a student's multiple choice response correct when it is actually incorrect.
• C) releasing a guilty defendant.
• D) counting a student's multiple choice response correct when it is actually correct.

---

Definitions:

Input Price

The cost associated with purchasing the raw materials, labor, and other resources required to produce goods and services.

Quantity Supplied

The amount of a good that producers are willing and able to sell at a certain price over a specified period of time.

Supply

The total amount of a good or service that producers are willing and able to sell at a given price over a specific time period.

Buyers and Sellers

Participants in a market who exchange money for goods or services, where buyers provide the money and sellers provide the goods or services.