Asked by Sahil Singh on Sep 30, 2024
The probability of a Type II error is denoted by:
A) α
B) β
C) 1 − α
D) 1 − β
Type II Error
The mistake made when a wrong null hypothesis is mistakenly accepted.
Beta (β)
A measure of the volatility, or systematic risk, of a security or portfolio in comparison to the market as a whole.
- Learn about the specifics of Type I and Type II errors within hypothesis testing.
Learning Objectives
- Learn about the specifics of Type I and Type II errors within hypothesis testing.