Answer the following questions:
a. What does the α level indicate?
b. How is α selected?
c. How many times of 100 is a researcher willing to be wrong (true population parameter not within the confidence range) if he or she selects an α level of
i. 0.05?
ii. 0.01?
iii. 0.001?

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The Answer of Answer the following questions:
a. What does the α level indicate?
b. How is α selected?
c. How many times of 100 is a researcher willing to be wrong (true population parameter not within the confidence range) if he or she selects an α level of
i. 0.05?
ii. 0.01?
iii. 0.001?

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