Relevant to the significance level of a test ?

05 August 2023 1 10K Report

Hello !

Please, relevant to the significance level of a test, I would like to know when can we increase the critical value α to 0.1.

Thank you in advance.

Abedin Keshavarz

The significance level of a test is a predetermined threshold that is used to determine if the evidence from the sample provides enough support to reject the null hypothesis. It is typically denoted by the symbol α. The significance level is relevant in several ways: Type I error rate, Confidence level, Decision-makingm, Sample size determination

In summary, the significance level guides the researcher in interpreting the test results and making informed decisions regarding the null and alternative hypotheses.

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