BUAL 2650 EXAM 1 HW Questions and Answers
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Terms in this set (9)
Denote the probability of α
a Type I error
Denote the probability of β
a Type II error
Explain what is meant by A margin of error tells you how many percentage
the margin of error for a points your results will differ from the real population
confidence interval. What value
error are we talking about
in the context of an
interval for μ?
If we do not reject H0 Type II error
when it is false
If we reject H0 when it is Type I error
true
The point on the Critical value
horizontal axis under the
standard normal curve
that gives a right-hand tail
area equal to α
Save
Terms in this set (9)
Denote the probability of α
a Type I error
Denote the probability of β
a Type II error
Explain what is meant by A margin of error tells you how many percentage
the margin of error for a points your results will differ from the real population
confidence interval. What value
error are we talking about
in the context of an
interval for μ?
If we do not reject H0 Type II error
when it is false
If we reject H0 when it is Type I error
true
The point on the Critical value
horizontal axis under the
standard normal curve
that gives a right-hand tail
area equal to α
