QNT/351 QNT351 QNT 351 WEEK 4 DQ 2
QNT/351 QNT351 QNT 351 Week 4 DQ 2
Why does the significance level differ among industries? Will the null hypothesis be more likely to be rejected at α = 0.01 than α = 0.10? As the significance level increases to α = 0.10 from α = 0.01, which type error is more likely to occur? What can be done to reduce the likelihood of incurring this error?
QNT/351 QNT351 QNT 351 Week 4 DQ 2
Why does the significance level differ among industries? Will the null hypothesis be more likely to be rejected at α = 0.01 than α = 0.10? As the significance level increases to α = 0.10 from α = 0.01, which type error is more likely to occur? What can be done to reduce the likelihood of incurring this error?