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Controls or determines the value of errors

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Reference no: EM131501326

Share a null and alternative hypotheses for a decision that is relevant to your life. This can be a personal item or something at work. Additionally, identify the Type I and Type II errors that could occur with your decision-making process. Additionally, whenever we accept or reject a hypothesis, we are confronted with Type I and Type II errors. Where do these errors come from? Can these errors be eliminated or reduced? Who/what decides or controls or determines the value of these errors?

Reference no: EM131501326

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