Which of the following statements relating to Tests of Hypothesis are correct ? Select the correct code.
Statement I: Type-I error occurs when true null hypothesis gets rejected by the test.
Statement II: Beta value denotes the power of the test.
Statement III : To test the significance of the goodness of fit of a distribution, F-test is applied.
Statement IV: When H0: μM > μF, two-tailed test is applied for testing the hypothesis.
Statement V: The critical value of Z-statistic for two-tailed test at 5% level of significance is 1.96.
1
I and V
2
II and III
3
III and IV
4
IV and V