Applying Statistical Inference: An Example The risk of a Type 1 error is greatest for the ____ level of significance.
A).001
B).01
C).03
D).05

Question

Quizplus · Accepted Answer

The level of significance (alpha) determines the likelihood of rejecting the null hypothesis when it is actually true, also known as a Type 1 error. The lower the level of significance, the lower the chance of committing a Type 1 error. Therefore, the greatest risk of a Type 1 error occurs at the highest level of significance, which is 0.05 or 5%.

Applying Statistical Inference: an Example the Risk of a Type