Test statistical hypotheses, including Type I and Type II errors.

Free CAS MAS-I (Modern Actuarial Statistics I) lesson in Statistics. 11 min read, ~1,662 words.

is the status-quo claim you can reject; is what you adopt if evidence is strong enough. You never accept, you only fail to reject it. Type I error ( ) = rejecting a true; Type II error ( ) = failing to reject a false. Power equals. Reject when the...