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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.
I and V
II and III
III and IV
IV and V
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