Manag., December-2018 – Q46

0. Which of the following statements relating to Tests of Hypothesis is correct? Select the correct code.
Statement I: Type-I error occurs when the true null hypothesis gets rejected by the test.
Statement II: Beta value denotes the power of the test.
Statement III: To test the significance of the goodness of fit of a distribution, F-test is applied.
Statement IV: When H0: μM > μF, a two-tailed test is applied for testing the hypothesis.
Statement V: The critical value of Z-statistic for two-tailed test at 5% level of significance is 1.96.

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