Question: A Type II Error can be explained as follows: a ) Represents the alpha risk also known as the Consumer s risk. It is the

A Type II Error can be explained as follows:
a) Represents the alpha risk also known as the Consumers risk. It is the risk of rejecting the Alternate Hypothesis when it is true.
b) Represents the beta risk also known as the Producers risk. It is the risk of rejecting the Null Hypothesis when it is false.
c) Represents the alpha risk also known as the Producers risk. It is the risk of rejecting the Null Hypothesis when it is true.
d) Represents the beta risk also known as the Consumers risk. It is the risk of failing to reject the Null Hypothesis when it is false.

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