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Explain the difference between a Type 1 significance error and a Type 2 significance error

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Type I error tends to assert something that is not really present, i.e. it is a false hit. On the contrary, type II error fails in identifying something, that is present, i.e. it is a miss.

User Lakshmi
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Answer: Type one is the Hypothesis gets rejected even tho its correct

Type two is the Hypothesis gets accepted even tho its wrong

User Jon Snow
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