APFIVE Consequences of Type I and Type II Errors
I. In testing for union support in a strike, a Type I error might result in the union forgoing a strike despite having sufficient support.
II. A Type II error in the same context could lead the union to call for a strike despite insufficient support.
III. These error types can be minimized simultaneously by arbitrarily lowering the significance level.
Which of the above statements are true?
A
I and II only
B
I, II, and III
C
II only
D
I and III only
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