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UCF QMB 3200 Test 2 Concepts Verified Questions And Answers

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As the test statistic becomes larger, the p-value: - CORRECT ANSWER-becomes smaller. The probability of making a Type I error when the null hypothesis is true as an equality is called the: - CORRECT ANSWER-level of significance. In hypothesis testing, the tentative assumption about the population parameter is called: - CORRECT ANSWER-the null hypothesis. The p-value: - CORRECT ANSWER-must be a number between 0 and 1. 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. What is the probability of making a Type I error? - CORRECT ANSWER-

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