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damientran
damientran
19.12.2019 • 
Mathematics

Robin inc. feared that the average company loss is running beyond $34,000. it initially conducted a hypothesis test on a sample extracted from its database. the hypothesis was formulated as h0: average company loss ≤ $34,000 h1: average company loss > $34,000. the test resulted in favor of robin inc.'s loss not exceeding $34,000. detailed study of company accounts later revealed that the average company loss had run up to $37,896. which of the following errors were made during the hypothesis test? select one: a) type iii error b) type ii error c) type i error d) type iv error

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