(i) Determining the level of significance (ii) Deciding the Statistical Test and computation (iii) Setting the hypothesis (iv) Decision

Statement I: A subjective probability may be nothing more than an educated guess. Statement II: One reason that decision-makers at high levels often use subjective probabilities is that they are concerned with unique situations.  

i.‘n’ is large and ‘p’ is large. ii.‘n’ is small and ‘p’ is large. iii. ‘n’ is small and ‘p’ is small. iv. ‘n’ is large and ‘p’ is small.