Question: Refer to the previous exercise. When we test H0: = 0 against Ha: > 0, we get a P-value of 0.02. a. What

Refer to the previous exercise. When we test H0: μ = 0 against Ha: μ > 0, we get a P-value of
0.02.
a. What would the decision be for a significance level of 0.05? Interpret in context.
b. If the decision in part a is in error, what type of error is it?
c. Suppose the significance level were instead 0.01. What decision would you make, and if it is in error, what type of error is it?

Step by Step Solution

3.40 Rating (187 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a We would decide to reject the null We would have strong evidence tha... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

531-M-S-H-T (2579).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!