or this assignment you are asked to assume that you are the Director of Research at the First Southern National Bank (Links to an external site.).  You have just met with the new CEO, Margaret Stanley, who wants to develop a better understanding of the research that your department publishes. There are two statistical terms that she does not understand and she has asked that you define and provide examples of them in a one page, double-spaced memo:

1. Null Hypothesis
2. Type I and Type II errors

Your assignment should be submitted as a Word document, or an equivalent format.