FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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importance level
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significance level
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meaningfulness level
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insightfulness level
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Detailed explanation-1: -The significance level, also known as alpha or , is a measure of the strength of the evidence that must be present in your sample before you will reject the null hypothesis and conclude that the effect is statistically significant.
Detailed explanation-2: -A p-value less than 0.05 (typically ≤ 0.05) is statistically significant. It indicates strong evidence against the null hypothesis, as there is less than a 5% probability the null is correct (and the results are random).
Detailed explanation-3: -Level of Significance Definition The level of significance is defined as the fixed probability of wrong elimination of null hypothesis when in fact, it is true. The level of significance is stated to be the probability of type I error and is preset by the researcher with the outcomes of error.