davidgoes4wce
Well-Known Member
A journalist claims that the current mean value of soccer players in a particular league is more than $350,000. A random sample of 150 recent players in the area yields a sample mean of $265,000. It is known that the values in the market are approximately normally distributed with a standard deviation of $50,000.
Compute the Type II error under this alternative.
Compute the Type II error under this alternative.