Type 1 errors occur if you reject the null hypothesis when it is really true, and Type 2 errors occur if you accept the null hypothesis when it is really false. I feel like these are pretty explanatory answers, but often committed with business statisticians. It all comes down to how you state your hypothesis.
Type 1 errors occur if you reject the null hypothesis when it is really true, and Type 2 errors occur if you accept the null hypothesis when it is really false. I feel like these are pretty explanatory answers, but often committed with business statisticians. It all comes down to how you state your hypothesis.
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