Question: 10.19 Suppose that for a particular hypothesis test, the consequences of a Type I error are very serious. Would you want to carry out the
10.19 Suppose that for a particular hypothesis test, the consequences of a Type I error are very serious.
Would you want to carry out the test using a small significance level a (such as 0.01) or a larger significance level (such as 0.10)? Explain the reason for your choice. (Hint: See discussion just before Example 10.7.)
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