Question: When the significance level is selected at 0.05, The Type 1 error rate is 95% The Type 2 error rate is 95% The Type2 error

When the significance level is selected at 0.05,

  • The Type 1 error rate is 95%
  • The Type 2 error rate is 95%
  • The Type2 error rate is 5%
  • There is a 5% chance that we may reject a true null hypothesis

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