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This is when you reject a null hypothesis even though it is actually true...
Example:
1. A man is on trial for murder, he is actually INNOCENT, but found GUILTY - That is a Type I error
2. A man is on trial for murder he is actually GUILTY, but found INNOCENT - That is a Type II error
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∙ 12y ago
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What jobs use confidence intervals?
Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.
What are the uses of probability in business decision making?
# Probability is used in business to evaluate financialand decision making risk. # Probability is used to improve business performance.
How does the use of statistics affect people's decision making?
Numbers are powerful. This is one of the reasons why statistics can be such persuasive pieces of evidence. We too often accept them, without ever questioning their veracity or appropriateness.
Where is probability used in everyday life?
Logical decision making. Gambling. Odds.
Cross matrix comparison to determin a risk level?
A good decision making system will
Why do humans make logical errors in problem solving and decision making?
humans do logical errors in problem solving and decision making because of non-existence of sufficient ....WISDOM.
How does diabetes affect decision making for older teachers?
If treated, Diabetes has no negative effect on decision-making, at any age.
How does veto power affect congressional decision making?
any decision the president makes they can overturn it
Does perception affect effective decision making?
YES! i could i guess :-)
How organizational culture affect managerial decision making?
how does culture effect managers
Who do lobbyists use a direct approach with to affect decision making?
public officials
Who do lobbyists use a direct approach to affect decision making?
Public officials
How might lobbyists affect political decision making and the lives of Canadians?
they could get voted in
How does your beliefs effect decision making?
it can affect our decisions wether it is right or wrong because of that superstitious belief we can now rely in our daily decision.
How organizational ethics affect managerial decision making?
It's in your text book. Read it lazyass.
What critical skills does alcohol affect?
Alcohol can impair critical skills such as decision-making, coordination, balance, judgment, and reaction times. This can lead to increased risk of accidents, injuries, and impaired performance in various tasks requiring focus and precision.
HRM affect all managers?
Yes, indeed HRM affects the decision making of all the managers.
