METHODS OF DATA ANALYSIS
DECISION MAKING WITH HYPOTHESIS TESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following must be used as the significance level if we want a lower possibility of correct decision?
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1%
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5%
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10%
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2%
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Explanation:
Detailed explanation-1: -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 .
Detailed explanation-2: -The alternative hypothesis is a statement used in statistical inference experiment. It is contradictory to the null hypothesis and denoted by Ha or H1. We can also say that it is simply an alternative to the null. In hypothesis testing, an alternative theory is a statement which a researcher is testing.
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