In hypothesis testing, the common level of significance is a = 0.05. Some might argue for a
Question:
a. State, in statistical terms, the null and alternative hypotheses for this example.
b. Explain the risks associated with Type I and Type II errors in this case.
c. What would be the consequences if you rejected the null hypothesis for a p- value of 0.20?
d. What might be an argument for raising the value of a?
e. What would you do in this situation?
f. What is your answer in (e) if the p- value equals 0.12? What if it equals 0.06?
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Related Book For
Business Statistics A First Course
ISBN: 9780321979018
7th Edition
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan
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