For a given sample size in hypothesis testing, a. the smaller ...

[cnetterville]

For a given sample size in hypothesis testing,
 a. the smaller the Type I error, the smaller the Type II error will be.
   b. the smaller the Type I error, the larger the Type II error will be.
   c. Type II error will not be effected by Type I error.
   d. the sum of Type I and Type II errors must equal to 1.

Question 2

A common use of the Producer Price Index is as a leading indicator of the future trend of
 a. raw material prices.
 b. consumer prices.
 c. industrial stock prices.
 d. wholesale market prices.

[al]

Answer to Question 1

b

Answer to Question 2

b