Question: Indicate whether it makes more sense to use a relatively large significance level (such as =0.10) or a relatively small significance level (such as =0.01).

Indicate whether it makes more sense to use a relatively large significance level (such as

=0.10) or a relatively small significance level (such as

=0.01).

Testing to see if a well-known company is lying in its advertising. If there is evidence that the company is lying, the Federal Trade Commission will file a lawsuit against them.

Group of answer choices

Use a small significance level, such as

=0.01.

Use a large significance level, such as

=0.10.

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