The mean price of mid-sized cars in a region is $32,000. A test is conducted to see if the claim is true. What is the Type I error in this case? (Choose 1) a. The mean price of mid-sized cars is $32,000, but we conclude that it is not $32,000. b. The mean price of mid-sized cars is not $32,000, but we conclude that it is $32,000. c. The mean price of mid-sized cars is $32,000, and we conclude that it is $32,000. d. The mean price of mid-sized cars is not $32,000, and we conclude that it is not $32,000.
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
The
a. The mean price of mid-sized cars is $32,000, but we conclude that it is not $32,000.
b. The mean price of mid-sized cars is not $32,000, but we conclude that it is $32,000.
c. The mean price of mid-sized cars is $32,000, and we conclude that it is $32,000.
d. The mean price of mid-sized cars is not $32,000, and we conclude that it is not $32,000.
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