In hypothesis testing,what is the level of significance?
A)The risk of rejecting the null hypothesis when it is true.
B)A value symbolized by the Greek letter α.
C)A value between 0 and 1.
D)It is selected before a decision rule can be formulated.
E)All of the answers apply.

Question

Quizplus · Accepted Answer

The level of significance is the risk of rejecting the null hypothesis when it is true (A), is symbolized by the Greek letter α (B), is a value between 0 and 1 indicating the threshold for rejecting the null hypothesis (C), and must be selected before a decision rule can be formulated (D). Therefore, all of the provided options correctly describe aspects of the level of significance in hypothesis testing.

In Hypothesis Testing,what Is the Level of Significance