An alternative hypothesis states that a newly developed drug is better than the one currently used to

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An alternative hypothesis states that a newly developed drug is better than the one currently used to treat a serious illness. If we reject H0, the new drug will be prescribed instead of the current one.
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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Related Book For  answer-question

Statistics The Art And Science Of Learning From Data

ISBN: 9780321755940

3rd Edition

Authors: Alan Agresti, Christine A. Franklin

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