BUS - 173 (Applied Statistics) Determine if the following statements are True or False. If False, write the CORRECT statements: 1. To test the population mean age of IIT students when the population...

Extracted text: BUS - 173 (Applied Statistics) Determine if the following statements are True or False. If False, write the CORRECT statements: 1. To test the population mean age of IIT students when the population standard deviation is known, the normal distribution is used. 2. A test whether it will be one- tailed or two- tailed depends on the null hypothesis. 3. Type Il error is more serious than Type I. 4. A two- tailed test has rejection regions in both tails of the distribution curve.