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Author Question: If a decision maker is concerned that the chance of making a Type II error is too large, one option ... (Read 155 times)

stephzh

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on: Jun 24, 2018
If a decision maker is concerned that the chance of making a Type II error is too large, one option that will help reduce the risk is to reduce the significance level.
 
  Indicate whether the statement is true or false

Question 2

According to the most recent Labor Department data, 10.5 of engineers (electrical, mechanical, civil, and industrial) were women. Suppose a random sample of 50 engineers is selected.
 
  How likely is it that the random sample of 50 engineers will contain 8 or more women in these positions?A) 0.1612
  B) 0.0821
  C) 0.1020
  D) 0.0314


bob

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


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