Define the level of significance. – InterviewSolution

InterviewSolution

1.	Define the level of significance.
Answer» The level of significance is defined as the probability of rejecting a null hypothesis by the test when it is really true, which is denoted as α. That is P(Type 1 error) = α. For example, the level of significance 0.1 is related to the 90% confidence level.

Discussion

No Comment Found

Related InterviewSolutions

A company that packages peanuts states that at a maximum 6% of the peanut shells contain no nuts. At random, 300 peanuts were selected and 21 of them were empty. With a significance level of 1% can the statement made by the company be accepted?
Define the level of significance.
Define critical value.
A ________ is a statement or an assertion about the population parameter. (a) hypothesis (b) statistic (c) sample (d) census
Null and alternative hypothesis are statements about ________ (a) population parameters (b) sample parameters (c) sample statistics (d) none of the above
What is a type I error?
What is confidence interval?
What is null hypothesis? Give an example.
What is the population?
A wholesaler in apples claims that only 4 % of the apples supplied by him are defective. A random sample of 600 apples contained 36 defective apples. Calculate the standard error concerning good apples.