Decision makers have most control over Type I error than Type II error.

Question

Quizplus · Accepted Answer

Type I error occurs when the null hypothesis is rejected when it is actually true. Decision makers have control over Type I error through the choice of significance level or alpha level. The lower the significance level, the lower the probability of making a Type I error. In contrast, Type II error occurs when the null hypothesis is not rejected when it is actually false. Decision makers have less control over Type II error as it is affected by factors such as sample size, effect size, and variability.

Decision Makers Have Most Control Over Type I Error Than