Robin Inc. feared that the average company loss is running beyond $34,000. It initially conducted a hypothesis test on a sample
extracted from its database. The hypothesis was formulated as H0: average company loss ≤ $34,000 H1: average company loss > $34,000. The test resulted in favor of Robin Inc.'s loss not exceeding $34,000. Detailed study of company accounts later revealed that the average company loss had run up to $37,896. Which of the following errors were made during the hypothesis test? Select one: a) Type III error b) Type II error c) Type I error d) Type IV error
1 answer:
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Answer:
No.
Step-by-step explanation:
To determine if (0,0) is a solution to the inequality, substitute 0 for x and 0 for y and check to see. Thus:
Substitute 0 for x and 0 for y:
Multiply:
Subtract:
So, (0,0) is <em>not</em> a solution.
And we're done!