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error of the first kind |
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Error rates are proportion of times that type I and type II errors occur in the long run The truth Result of Null hypothesis true Null hypothesis false experiment (treatment doesn't work) (treatment works) Reject null Type I error rate Power=1-type II error rate hypothesis Accept null Type II error rate hypothesis The researchers suggested that by prescribing the relationship between type I and type II errors in auditing standards, the misstatement can be adjusted. |
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