Consumer's risk can result in what type of error?
A) Type-I error
B) Type-II error
C) Type-III error
D) Type-0 error

Name: Consumer's risk can result in what type of error? A) Type-I error B) Type-II error C) Type-III error D) Type-0 error
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Question

Quizplus · Accepted Answer

Consumer's risk is also known as a Type-II error, which occurs when we fail to reject a null hypothesis that is actually false, meaning we accept a hypothesis that is incorrect. This error is also known as a false negative.

Consumer's Risk Can Result in What Type of Error