Statistical Testing

Abstract: This 5 page paper considers the use of statistical testing, the impact of Type I and Type II errors what they could mean in the real world, using the example of testing genetically modified food and then how the potential for each type of error may be reduced. The paper then uses the Three Point Estimate (3PE) to calculate whether or not there is a significant difference between two sets of data. The bibliography cites 3 sources.

Filename: TEgetest.rtf

Pages: 5

Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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