Why does the significance level differ among indu

Why does the significance level differ among indu

Why does the significance level differ among industries? Willthe null hypothesis be more likely to be rejected at ?¤ = 0.01 than?¤ = 0.10? As the significance level increases to ?¤ = 0.10 from ?¤ =0.01, which type error is more likely to occur? What can be done toreduce the likelihood of incurring this error?


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