1. Define budget. List and describe the two ways in which the budget process is managed.
2. Compare and contrast Type I errors and Type II errors and explain which one is of more concern to researchers.
3. After executing Excel's Histogram data analysis tool, you notice that the chart shows a count of zero for one of the intervals. You can conclude that
a) your sample may under-represent your population for that interval
b) your sample is representative of your population
c) your sample may over-represent your population for that interval