Author Question: The level of significance, , is the probability of making a A) Correct decision B) Type II error ... (Read 115 times)

jake · **on:** Jul 25, 2018

The level of significance, , is the probability of making a

A) Correct decision B) Type II error C) Type error D) Type I error

Question 2

The owner of a computer repair shop has determined that their daily revenue has mean 7200 and standard deviation 1200. The daily revenue totals for the next 30 days will be monitored.

What is the probability that the mean daily revenue for the next 30 days will exceed 7500?
A) 0.0869 B) 0.9147 C) 0.9131 D) 0.0853