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2. A fast-food restaurant is considering a promotion that will offer customers to purchase a toy featuring a cartoon movie character. If more than 20% of the customers purchase the toy, the promotion will be profitable. A sample of 50 restaurants is used to test the promotion. Which of the following describes a Type II error? Incorrectly concluding that the promotion would be profitable. Correctly concluding that the promotion would be profitable. Concluding that the promotion would not be profitable when more than 20% of customers would purchase the toy none of the above are correct

2. A fast-food restaurant is considering a promotion that will offer customers to purchase a toy featuring a cartoon movie character. If more than 20% of the customers purchase the toy, the promotion will be profitable. A sample of 50 restaurants is used to test the promotion. Which of the following describes a Type II error? Incorrectly concluding that the promotion would be profitable. Correctly concluding that the promotion would be profitable. Concluding that the promotion would not be profitable when more than 20% of customers would purchase the toy none of the above are correct

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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2. A fast-food restaurant is considering a promotion that will offer customers to purchase a toy featuring a cartoon movie character. If more than 20% of the customers purchase the toy, the promotion will be profitable. A sample of 50 restaurants is used to test the promotion. Which of the following describes a Type II error? Incorrectly concluding that the promotion would be profitable. Correctly concluding that the promotion would be profitable. Concluding that the promotion would not be profitable when more than 20% of customers would purchase the toy O none of the above are correct
Transcribed Image Text:2. A fast-food restaurant is considering a promotion that will offer customers to purchase a toy featuring a cartoon movie character. If more than 20% of the customers purchase the toy, the promotion will be profitable. A sample of 50 restaurants is used to test the promotion. Which of the following describes a Type II error? Incorrectly concluding that the promotion would be profitable. Correctly concluding that the promotion would be profitable. Concluding that the promotion would not be profitable when more than 20% of customers would purchase the toy O none of the above are correct
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