Hypothesis Testing 9.1 Briefly explain in your own words the advantage of using an alpha level (?) = .01 versus an ? = .05. In general, what is the disadvantage of using a smaller alpha level?
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01 means that we are more stringent in our criteria for rejecting the null hypothesis. In other words, we require stronger evidence against the null hypothesis before we reject it. This reduces the probability of making a Type I error, which is the error of Show more…
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Suppose a hypothesis test is conducted using the classical approach and assigned a level of significance of $\alpha=0.01$ a. How is the 0.01 used in completing the hypothesis test? b. If $\alpha$ is changed to $0.05,$ what effect would this have on the test procedure?
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