An alternative hypothesis states that a newly developed drug is better than the one currently used to
Question:
a. Why might we prefer to use a smaller significance level than 0.05, such as 0.01?
b. What is a disadvantage of using α = 0.01 instead of 0.05?
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a We might prefer a smaller significance level because we want to diminish the chances of ...View the full answer
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Related Book For 
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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