a. Find a, the probability of the type I error.
b. Find b, the probability of the type II error.
Answer to relevant QuestionsSuppose the argument in Exercise 8.81 was to be settled using a sample of size 4; find a and b. Identify the four possible outcomes and describe the situation involved with each with regard to the aircraft manufacturer’s testing and buying of rivets. Which is the more serious error: the type I or type II error? ...For each of the following pairs of values, state the decision that will occur and why. a. p-value = 0.018, a = 0.01 b. p-value = 0.033, a = 0.05 c. p-value = 0.078, a = 0.05 d. p-value = 0.235, a = 0.10 An insurance company states that 90% of its claims are settled within 30 days. A consumer group selected a random sample of 75 of the company’s claims to test this statement. If the consumer group found that 55 of the ...The following computer output was used to complete a hypothesis test. a. State the null and alternative hypotheses. b. If the test is completed using a = 0.05 what decision and conclusion are reached? c. Verify the ...
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