Type I and II Errors

H0 is true
(HA is false, there is no effect)
H0 is false
(HA is true, there is an effect)
Reject H0
("accept" HA)
Test is significant.
Test is positive.
  FP  
🗙Reject true H0.
🗙"Accept" false HA.
Type 1 error. Probability=α
  TP  
✔Reject false H0.
✔"Accept" true HA.
Power=1-β
Fail to reject H0
("reject" HA)
Test is not significant.
Test is negative.
  TN  
✔"Accept" true H0
✔"Reject" false HA.
  FN  
🗙"Accept" false H0.
🗙"Reject" true HA.
Type 2 error. Probability=β

"Positive" test (or statistical test rejects H0).
"Negative" test (fail to reject H0).

Power is the ability of the test to correctly reject a false H0, i.e. TP.
It is the ability of the test to find an effect if indeed there is one.
It is the sensitivity of the test to detect a difference in the parameters if one actually exists.
Depends on n, α, σ, and δ.

s↑ → power↓ (curves widen, so overlap more, β↑)
n↑ → power↑ (SEM ↓ so curves narrow, so overlap less, β↓)
α↑ → power↑ (e.g. from α=0.01 to α=0.05, β↓)
δ↑ → power↑ (curves' separation increases, β↓)