The analyst gets to choose the significance level . It is typically chosen to be 0.50, but it is occasionally chosen to be 0.05.

Question

The analyst gets to choose the significance level  . It is typically chosen to be 0.50, but it is occasionally chosen to be 0.05.

Quizplus · Accepted Answer

The significance level is typically chosen to be 0.05 (or in some cases 0.01 or 0.10), not 0.50. A significance level of 0.50 would mean that the null hypothesis is rejected even if the data only supports it with a probability of 50%, which is not a strict enough standard for most scientific studies.

The Analyst Gets to Choose the Significance Level