To balance the two types of errors, alpha (a), also known as _ , is often set at .01 or .05.
A) level of significance
B) Type I error
C) Type II error
D) A and B are correct

Name: To balance the two types of errors, alpha (a), also known as _ , is often set at .01 or .05. A) level of significance B) Type I error C) Type II error D) A and B are correct
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Question

Quizplus · Accepted Answer

Alpha (α) is known as the level of significance and is associated with the probability of making a Type I error.

To Balance the Two Types of Errors, Alpha (A), Also