A hypothesis test is being performed for a process in which a type I error will be very costly, but a type II error will be relatively inexpensive and unimportant. Which of the following would be the best choice for alpha (α) in this test?

A hypothesis test is being performed for a process in which a type I error will be very costly, but a type II error will be relatively inexpensive and unimportant. Which of the following would be the best choice for alpha (α) in this test? Correct Answer 0.01

Bissoy MCQ

Related Questions

If $${\text{tan }}\alpha = 2,$$   then the value of $$\frac{{{\text{cose}}{{\text{c}}^2}\alpha - {\text{se}}{{\text{c}}^2}\alpha }}{{{\text{cose}}{{\text{c}}^2}\alpha + se{c^2}\alpha }}$$   is?
Bayes Theorem is given by where
1. P(H) is the probability of hypothesis H being true.
2. P(E) is the probability of the evidence(regardless of the hypothesis).
3. P(E|H) is the probability of the evidence given that hypothesis is true.
4. P(H|E) is the probability of the hypothesis given that the evidence is there.
A system in a normalized state $$\left| \psi \right\rangle = {c_1}\left| {{\alpha _1}} \right\rangle + {c_2}\left| {{\alpha _2}} \right\rangle $$    with $$\left| {{\alpha _1}} \right\rangle $$ and $$\left| {{\alpha _2}} \right\rangle $$ representing two different eigen states of the system requires that the constants c1 and c2 must satisfy the condition
If 8α9 = -72, -9α3 = 27 and -6α1 = 6, then find the value of -3α6 = ?
If 16α1 = 8, 14α6 = 42 and 12α5 = 30, then find the value of 2α6 = ?
If 18α1 = 34, 19α2 = 34 and 18α3 = 30, then find the value of 18α8 = ?
If 18α12 = 3, 2α14 = -6 and 4α4 = 0, then find the value of 2α16 = ?
If 6α1 = 70, 2α3 = 50 and 4α5 = 90, then find the value of 1α4 = ?
Statement I When a null hypothesis is true but as per the hypothesis testing, it is rejected; it is known as Type II error in hypothesis testing.
Statement II For testing the significance of the differences among the performance of more than two sample groups when the data are non-parametric, Kruskal-Wallis (H) test is appropriate.
In a medical test, where the null hypothesis is 'the patient does not have the disease' and the alternative hypothesis is 'the patient has the disease'. Suppose a patient has a disease and needs treatment. In the hypothesis testing process, which of the following error is more serious than the others.