Question

Discuss the relationship between the Level of significance and type 1 error ​

Answer 1

Answer:

An α of 0.05 indicates that you are willing to accept a 5% chance that you are wrong when you reject the null hypothesis. ... The probability of rejecting the null hypothesis when it is false is equal to 1–β.

Answer 2

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The probability of making a type I error is α, which is the level of significance you set for your hypothesis test. An α of 0.05 indicates that you are willing to accept a 5% chance that you are wrong when you reject the null hypothesis. ... The probability of rejecting the null hypothesis when it is false is equal to 1–β.

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