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Concept
Beta Risk
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Summary
Beta Risk
, also known as
Type II Error
, occurs when a
Statistical Test
fails to reject a
False null hypothesis
, leading to the
Incorrect conclusion
that there is
No effect
or difference when one actually exists. This risk is inversely related to the
Power of the test
, which is the probability of correctly rejecting a
False null hypothesis
.
Concepts
Statistical Power
Null Hypothesis
Type II Error
Hypothesis Testing
Significance Level
Effect Size
Sample Size
Confidence Interval
P-value
Consumer's Risk
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