RESEARCH METHODOLOGY

STATISTICAL TECHNIQUES AND TOOLS

CONFIDENCE INTERVALS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the alpha value for a 95% confidence level?
A
1
B
.05
C
5
D
1.05
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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