QMB 3200 UCF test 2 – definitions UPDATED ACTUAL Exam Questions and CORRECT Answers

QMB 3200 UCF test 2 – definitions
UPDATED ACTUAL Exam Questions and
CORRECT Answers
level of significance - CORRECT ANSWER The probability of making a Type I error
when the null hypothesis is true as an equality


the null hypothesis. - CORRECT ANSWER In hypothesis testing, the tentative assumption
about the population parameter is called:


Which of the following describes a Type II Error? - CORRECT ANSWER Accept H0
when H0 is false.


Whenever the probability of making a Type II error has not been determined and controlled, only
two conclusions are possible. We either reject H0 or: - CORRECT ANSWER do not reject
H0.


Which of the following describes a Type I Error? - CORRECT ANSWER Reject H0 when
H0 is true.


significance tests. - CORRECT ANSWER Applications of hypothesis testing that only
control for the Type I error are called:


As the test statistic becomes larger, the p-value: - CORRECT ANSWER becomes smaller.


For a two-tailed test, the p-value is the probability of obtaining a value for the test statistic as: -
CORRECT ANSWER unlikely as that provided by the sample.


For a lower tail test, the p-value is the probability of obtaining a value for the test statistic: -
CORRECT ANSWER at least as small as that provided by the sample.