A If standard deviation is assigned the value 0001 what are

a. If o is assigned the value 0.001, what are we saying b. If a is assigned the value 0.05, what are we saying c. I 8.26 about the type l error? about the type l error? If is assigned the value 0.10, what are we saying about the type l error?

Solution

Here is called the level of significance which is the size of the type1 error. (a): Probability of rejecting null hypothesis when it is true at 0.001=0.1%() , which is a producer\'s risk. (b):Probability of rejecting null hypothesis when it is true at 0.05=5%() , which is a producer\'s risk. (c):Probability of rejecting null hypothesis when it is true at 0.1=10%() , which is a producer\'s risk.