Test statistical hypotheses, including Type I and Type II errors.
Free CAS MAS-I (Modern Actuarial Statistics I) lesson in Statistics. 10 min read, ~1,474 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...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- B3
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