Type-1 and type-2 errors in business research management
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Type II error. This error occurs when we fail to reject the null hypothesis. ... When designing and planning a study the researcher should decide the values of α and β, bearing in mind that inferential statistics involve a balance between Type I and Type II errors.
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ANSWER : With the Type II error, a chance to reject the null hypothesis was lost, and no conclusion is inferred from a non-rejected null. But the Type I error is more serious, because you have wrongly rejected the null hypothesis and ultimately made a claim that is not true.
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