Question: 2. In a research study, you decided to change the significance level from the standard 0.05 to 0.01. Explain how this would influence: Type 1

2. In a research study, you decided to change the significance level from the standard 0.05 to 0.01. Explain how this would influence:

  • Type 1 error
  • Type 2 error
  • Power

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