As an Amazon Associate I earn from qualifying purchases.

What is Type II Error in Supply Chain Management? PDF | Download eBooks

Learn Type II Error definition in supply chain management with explanation to study “What is Type II Error”. Study type ii error explanation with SCM terms to review supply chain management course for online MBA programs.

Type II Error Definition:

Type II Error Explanation:

A type II error happens when the null hypothesis is not correct, yet incorrectly neglects to be rejected. It is neglecting to attest what is available, a miss. A sort II mistake is regularly called a bogus negative (where a genuine hit was ignored by the test and is viewed as a miss) in a test checking for a solitary condition with an authoritative aftereffect of genuine or false. A sort II mistake is submitted when a genuine elective theory isn't accepted. As far as society stories, a specialist may neglect to recognize the wolf when in certainty a wolf is available (and along these lines neglect to raise an alert). Once more, the invalid speculation, contains the announcement: "There is no wolf", which, if a wolf is in reality present, is a sort II mistake with respect to the agent (the wolf either exists or does not exist inside a given setting - the main inquiry is on the off chance that it is effectively recognized or not, either neglecting to distinguish it when it is available, or identifying it when it is absent).

Keep Learning Supply Chain Management Explanations

What is Joint ventures?

Those firms move towards the joint ventures when their end goals are same and they agree to pool the resources ...

What is Work Breakdown Structure (WBS)?

It organizes the all activities and divide them into the teams in manageable sections. All the work is divided in ...

What is Subcontracting?

Subcontracting is the act of doling out, or redistributing, some portion of the commitments and assignments under an agreement to ...

What is Master Production Schedule (MPS)?

Master booking pursues total arranging of material in plant manufacturing. It communicates the general plans as far as explicit end ...

What is Service Blueprinting?

It Is a procedure investigation method that centers around the client and the supplier's association with the client. It tends ...

What is Independent Demand?

Models for the administration of things whose request isn't firmly impacted by different things overseen by a similar organization. These ...