Type I and II errors Mistakenly rejecting the null hypothesis is a type 1 error. These errors are not avoidable and are part of statistical testing‚ but we can lessen the occurrence by setting the significance at a lower level. However‚ by setting the significance level lower; let us say .001‚ we then increase the chance of type 2 errors. Failing to correctly reject the null hypothesis creates a type 2 error‚ this is because; according to Aron (2009) “with an extreme significance level like
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atmosphere is full of uncertainties and risks. The need for gaining security from these losses brought insurance into existence. TYPES OF INSURANCE There are three types of insurance -: a) Life Insurance b) Fire Insurance c) Marine Insurance Life Insurance Life insurance originated for the first time in England on 18th June‚ 1583. On this day life insurance of Sh. William Gybbon of England was done for one year. In seventeenth and eighteenth century life insurance
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Types of Bosses The alarm clock goes off and it’s time to get your self up‚ ready and motivated to go to work and face that “Boss”. Unfortunately‚ like deadlines and overtime‚ bosses are one of those things you just can’t stay clear of in the workplace. Some of which we could not stand and others that we looked up to and respected‚ these bosses have made an impact on how we perform at our jobs. The way your boss treats you‚ can either be a motivator or one that is intimidating. But how do you
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TYPES OF INVESTMENT FOREIGN DIRECT INVESTMENT: Foreign direct investment includes "mergers and acquisitions‚ building new facilities‚ reinvesting profits earned from overseas operations and intra company loans. Foreign direct investment refers just to build new facilities. FDI is defined as the net inflows of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity
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SECTION 1 *Identification of the purpose of different types of organisation We have two main types of business organisations. Which are Profit-making organisations and Not-for-profit organisations. In the profit making organisation‚ we have the Sole traders‚ Partnerships and LLPs‚ Companies and The Franchises. While on the Not-for-profit organisation we have the Quangos‚ Voluntary‚ public sector bodies and the charities. *SOLE TRADER- This is a simple business that is easy to set up‚ and which
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Personality Types This world is a unique place. The people who live in this world also have unique characteristics. Every single person is different from physical appearances to personalities. Even identical twins who have identical physical appearances may not have the same personality types. Psychologists have used a variety of personality tests to identify a person’s personality type. Frank Farley‚ the president of the American Psychological Association‚ coined his own terms for how different
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Types of Communication Communication is something that we all do every day and something that we must learn to do from the day we are born in order to interact with others and become a functional member of society. We must learn to constantly improve our communication skills in order to express to other what we need and what we are feeling and to help others with their needs and problems. There are many different ways that we all communicate with each other every day. Verbal communication is
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predetermined for a particular period. Budgets are quantitative or financial statements prepared for the purpose of attaining a particular objective. It is listing of all expenses and incomes i.e. planning them in advance to meet certain circumstances. In other terms‚ a budget is an organizational plan stated in monetary terms. It is a plan that outlines an organization’s financial and operational goals. So a budget may be thought of as an action plan. Planning a budget helps a business allocate resources
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TYPES OF COMMUNICATION Types of Communication © Andrew Triganza Scott – MBA (Maast.)‚ M.Ed (Leadership)‚ BPsy (Hons)‚ PGCE.- What is communication ? Derived from the Greek word “communicare” or “communico” which means “to share”. Community implies a group of people living in one place. Languages are the codes of communications. Types of Communication © Andrew Triganza Scott – MBA (Maast.)‚ M.Ed (Leadership)‚ BPsy (Hons)‚ PGCE.- Types of communication. communication verbal Formal Non-verbal
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Section 6 Types of Tissue OBJECTIVES: Upon completing this section‚ you will be able to: 1. Define the word histology. 2. Name and briefly describe the four basic types of tissue. 3. Name the three subtypes of simple epithelial tissue. 4. List the five main subtypes of connective tissue. 5. Name the three subtypes of muscle tissue. 6. Name the two types of nerve tissue. 68 Section 6 Types of Tissue HISTOLOGY Histology is the microscopic study of cells‚ tissues‚ and organs. Also called
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