The significance level determines the probability of making a Type I error. Errors are bad. So,

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The significance level α determines the probability of making a Type I error. Errors are bad. So, why don’t we always set ???? to be extremely small, such as 0.0001?

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Introduction To Statistical Investigations

ISBN: 9781118172148

1st Edition

Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy

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Question Posted: Jun 19, 2018 07:33 AM

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The significance level determines the probability of making a Type I error. Errors are bad. So,

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Because this would increase the Type II ...View the full answer

Introduction To Statistical Investigations

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