Question: Suppose a hypothesis test is conducted using the classical approach and assigned a level of significance of a = 0.01. a. How is the 0.01

Suppose a hypothesis test is conducted using the classical approach and assigned a level of significance of a = 0.01.
a. How is the 0.01 used in completing the hypothesis test?
b. If a is changed to 0.05, what effect would this have on the test procedure?

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