The level of significance is the _____.
A) maximum allowable probability of a Type II error
B) maximum allowable probability of a Type I error
C) same as the confidence coefficient
D) same as the p-value

Question

Quizplus · Accepted Answer

The level of significance is the maximum allowable probability of a Type I error, which is the probability of rejecting a true null hypothesis. This is often set at 0.05 or 0.01, meaning that there is a 5% or 1% chance of mistakenly rejecting a true null hypothesis.

The Level of Significance Is the _____