The null and alternative hypotheses are competing hypotheses, therefore, only one can be true.
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Q4: Managerial significant differences occur when observed differences
Q5: We have hypotheses because we suspect our
Q6: The null hypothesis is stated in terms
Q7: The alternative hypothesis states that you expect
Q8: We assume the null hypothesis is true
Q10: A Type 1 error means accepting the
Q11: A Type 2 error means rejecting the
Q12: When testing a hypothesis in any particular
Q13: The significance level is the maximum risk
Q14: The greater the costs associated with a
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