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Determine the type i and type ii error

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Reference no: EM1320239

Question1:  Determine Type I and Type II error. Why is it important to know the possible errors we might make when rejecting or retaining H0?
Question2:  If a result is statistically significant, this means that the result must be an important one. Is this statement true? Explain your answer?

Reference no: EM1320239

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