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

In a research study, you decided to increase the significant 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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