24 25 25 2? 2B 29 The value added a point estimate and subtracted from that point estimate in order to estimate a condence interval estimate of the population parameter is known as the A. confidencelevet B. margin of error C. margin of profit D. interval estimate If a hypothesis test rejects the null hypothesisI A. a Type I error have not been committed B. a Type I error must have been committed C. a Type II error may have been committed D. a Type III error must have been committed When the critical value is used for hypothesis testing, the null hypothesis is rejected if A. o s critical value B. p-values o C. critical value 2 at D. critical value = 1 - n The confidence level A. can be any positive value E. can be any value C. is {1 level of significance) D. none of the above A decision criterion which weights the payoff for each decision by its probability of occurrence is can be A. Payoff criterion B. Expected profit (1. Unexpected cost D. Expected value of perfect information The events that can affect the future outcome of a decision but are not under control of the decision maker are known as A. Pay-off B. alternatives t3. decision outcome D. states of nature When a decision alternative is chosen and a chance event occurs, the result is called