Question: The competing hypotheses for a hypothesis test that might have been conducted circa 1491 are as follows: H0 : The earth is flat. Ha: The

The competing hypotheses for a hypothesis test that might have been conducted circa 1491 are as follows:
H0 : The earth is flat. Ha: The earth is round.
a. Describe what a Type I error would be here.
b. Describe what a Type II error would be here.
c. What would be a possible consequence (cost) of each of these errors?

Step by Step Solution

★★★★★

3.41 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

H 0 The earth is flat H a The earth is round a A Type I error here would be to believe the e... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

486-M-S-H-T (1213).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The competing hypotheses for a hypothesis test are as follows: H0: 1000 Assume the population standard deviation is known to be 80. A random sample of size 64 has a sample mean of...

The competing hypotheses for a hypothesis test are as follows: H0: > 500 Ha:

The competing hypotheses for a hypothesis test are as follows: H0: 2500 Assume the population standard deviation is known to be 200. A random sample of size 100 has a sample mean of...

CHAPTER 9 Hypothesis Tests CONTENTS 9.4 POPULATION MEAN: UNKNOWN One-Tailed Test Two-Tailed Test Summary and Practical Advice 9.5 POPULATION PROPORTION Summary 9.6 HYPOTHESIS TESTING AND DECISION...

The Marist Poll published a report stating that 66% of adults nationally think licensed drivers should be required to retake their road test once they reach 65 years of age. It was also reported that...

23) A pharmaceutical company operates retail pharmacies in 10 eastern states. Recently, the company's internal audit department selected a random sample of n= 300 prescriptions issued throughout the...

1 2 3 4 7 8 9 12 13 14 15 16 17 18 19 20 21 22 23 24 28 29 30 31 38 40 41 44 47 48 49 50 51 62 63 64 66 67 68 69 70 71 73 74 76 77 78 79 80 81 82 85 86 87 88 89 90 91 92 93 94 95 99 100 101 104 105...

Suppose the distribution of W is approximately normal. a. Calculate the mean and standard deviation of the distribution of W. b. Specify the competing hypotheses to determine whether the median of...

1. in order to examine the relationship between the selling price of a used car and its age, an analyst uses data from 20 recent transactions and estimate price = B0 + B1 age +e. A portion of the...

Measurement Corner #14: Hypotheses and Predictions In the standard junior high caricature of the "scientific method", one step that is emphasized is making a hypothesis. Students are told that they...

About 12% of men and 10% of women are left-handed. If we select a person at random, are the event that the person is male and the event that the person is left-handed independent or associated?

If your clients objective is to have $13,500 in five years, how much should he invest today in a product earning 9.0% compounded annually?

What is bit rate?What is baud rate?What is a point to point link?

25 How does the Fed stimulate the economy? How does the Fed affect interest rates?

The weights of full boxes of a certain kind of cereal are normally distributed with a standard deviation of 0.27 oz. A sample of 18 randomly selected boxes produced a mean weight of 9.87 oz. a. Find...

Waiting times (in hours) at a popular restaurant are believed to be approximately normally distributed with a variance of 2.25 during busy periods. a. A sample of 20 customers revealed a mean waiting...

A random sample of the scores of 100 applicants for clerk-typist positions at a large insurance company showed a mean score of 72.6. The preparer of the test maintained that qualified applicants...

Question 1 Blue Demon Bank expects that the Mexican peso will depreciate against the dollar from its spot rate of $0.15 to $0.14 in 10 days. The following interbank lending and borrowing rates exist:...

help Accounts payable $107,000 n- Short- term debt 403,000 Current liabilities $510,000 Long-term debt 2, 140,000 Owner's equity 1, 569,000 Total $4, 219,000 (Adjusting a firm's capital structure)...

A 3 2 - bit integer format can represent values in the range - 2 3 1 to 2 3 1 - 1 . A IEEE 7 5 4 3 2 - bit floating point format can represent values in the range approximately 1 2 1 2 7 to + 1 2 1 2...