Type I and Type II Errors | Mathematical Economics | Learn Oikonomia

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This video discusses Type I and Type II Errors
A type I error (false-positive) occurs if an investigator rejects a null hypothesis that is actually true in the population; a type II error (false-negative) occurs if the investigator fails to reject a null hypothesis that is actually false in the population.

#typeIerrorand typeIIerror #TypeIerror #TypeIIerror #Nullhypothesis #Alternativehypothesis #learnoikonomia #economics #mathematicaleconomics

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