STATISTICAL TECHNIQUES AND TOOLS
CONFIDENCE INTERVALS
Question
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What is the alpha value for a 95% confidence level?
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1
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.05
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5
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1.05
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Explanation:
Detailed explanation-1: -Syntax. Alpha is the significance level used to compute the confidence level. The confidence level equals 100*(1-alpha)%, or in other words, an alpha of 0.05 indicates a 95 percent confidence level.
Detailed explanation-2: -The significance level, also denoted as alpha or , is the probability of rejecting the null hypothesis when it is true. For example, a significance level of 0.05 indicates a 5% risk of concluding that a difference exists when there is no actual difference.
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