We usually take action on the basis of having rejected the null hypothesis. When we do this,

Question:

We usually take action on the basis of having rejected the null hypothesis. When we do this, we know the chances that the action has been taken erroneously because we have prespecified a, the probability of rejecting a true null hypothesis. Here, it is obviously important to know (prespecify) a, the probability of a Type I error. When is it important to know the probability of a Type II error? Explain why.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics In Practice

ISBN: 9780077534844

7th Edition

Authors: Bruce Bowerman, Richard OConnell, Emilly Murphree

Question Posted: