Wednesday

March 4, 2015

March 4, 2015

Posted by **Shon** on Monday, September 13, 2010 at 1:16pm.

null and alternative hypotheses. (b) Define Type I and II error. What are the consequences of each?

(c) Which is more to be feared, and by whom? (d) If the hotel decides to reduce â risk, what would

be the consequences? Who would be affected?

- statistics -
**MathGuru**, Monday, September 13, 2010 at 10:02pmI'll give you some background on Type I and Type II errors and let you take it from there.

Type I errors result when you reject the null and it's true. Type II errors result when you accept the null and it's false. You can reduce Type I errors by setting the alpha at a lower level, for example, from .05 to .01. However, when you do that, you increase the probability of making a Type II error. You would have to determine if the hotel would be more concerned about Type I or Type II errors.

**Answer this Question**

**Related Questions**

statistics - What is the alternative hypothesis for a null hypothesis stating ...

Statistics - 1. For the following research question, specify the parameter and ...

Quantitative Analysis - The circumstance where the Null Hypotheses is rejected ...

Error ! question - If the company administers n=10 identical triangle taste ...

statistics - Consider the average available for all hotel rooms from the ...

statistics - Write the null and alternative hypotheses. Justify which is the ...

BUSSINESS STATISTICS - Consider the average available for all hotel rooms from ...

math - Help pleaseeee The Hotel Regal has 500 rooms. Currently the hotel is ...

Statistics - Does the null hypothesis for a nondirectional alternative ...

Stats - 5. The board of directors for Procter and Gamble is concerned that only ...