Pete borrowed $400 for 1 year. He paid back a total of $440. What was the interest rate per year?
2 answers:
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<h2>Answer with explanation:</h2>
In statistics, The Type II error occurs when the null hypothesis is false, but fails to be rejected.
Given : Suppose the null hypothesis, , is: Darrell has enough money in his bank account to purchase a new television.
Then , Type II error in this scenario will be when the null hypothesis is false, but fails to be rejected.
i.e. Darrell has not enough money in his bank account to purchase a new television but fails to be rejected.