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Unformatted text preview: What’s the alternative hypothesis for this hypothesis test? The alternative hypothesis for this test would be that the average current ratio is below 2.0. Choose at least three different significance levels to conduct the hypothesis test. Is it possible that a Type I error occurred with the hypothesis test? Why or why not? I do not see that a type one error occurred because the null hypothesis was not reject. Is it possible that a Type II error occurred? Why or why not? I do not believe a type II error occurred because while the null hypothesis was accepted it is true....
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- Spring '11
- Business, Null hypothesis, Statistical hypothesis testing, Type I and type II errors, average current ratio, Jenni Butler, A Buck or Two