METHODS OF DATA ANALYSIS
DECISION MAKING WITH HYPOTHESIS TESTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A level of significance of 5% means:
|
|
There’s a 5% chance we’re wrong
|
|
|
There’s a 5% chance we’ll be wrong if we fail to reject the null hypothesis
|
|
|
There’s a 5% chance we’ll be wrong if we reject the null hypothesis.
|
|
|
There’s a 5% chance you’ll get an A on the test.
|
Explanation:
Detailed explanation-1: -In null hypothesis testing, this criterion is called (alpha) and is almost always set to . 05. If there is less than a 5% chance of a result as extreme as the sample result if the null hypothesis were true, then the null hypothesis is rejected. When this happens, the result is said to be statistically significant .
There is 1 question to complete.