Question: Suppose that for a particular hypothesis test, the consequences of a Type I error are not very serious, but there are serious consequences associated with

Suppose that for a particular hypothesis test, the consequences of a Type I error are not very serious, but there are serious consequences associated with making a Type II error. Would you want to carry out the test using a small significance level α (such as 0.01) or a larger significance level (such as 0.10)? Explain the reason for your choice.

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