Suppose You Are Faced with a Decision About Whether to Take

Multiple Choice

Suppose you are faced with a decision about whether to take a new job or remain with the one you have. In an analogy to hypothesis testing, the alternative hypothesis is that you will be better off if you change jobs. Your friends are encouraging you to take the new job. In statistical terms, they think:

A) You should not reject the null hypothesis because a type 1 error would be more serious for you than a type 2 error.
B) You should not reject the null hypothesis because a type 2 error would be more serious for you than a type 1 error.
C) You should reject the null hypothesis because a type 1 error would be more serious for you than a type 2 error.
D) You should reject the null hypothesis because a type 2 error would be more serious for you than a type 1 error.