What does $\alpha$ = 0.01 reflect?
A) There is a 1% chance of rejecting a true null hypothesis.
B) There is a 1% chance of accepting a true null hypothesis.
C) Without an identified $\mu$, there is no significant meaning.
D) The 1% is the highest significance level.

Question

Quizplus · Accepted Answer

? = 0.01 indicates the significance level, which is the probability of rejecting the null hypothesis when it is actually true, also known as the Type I error rate.

What Does α\alphaα = 001 Reflect? A) There Is a 1% Chance of Rejecting

What Does $\alpha$ = 001 Reflect?
A) There Is a 1% Chance of Rejecting