What is significance level in statistics?
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What is significance level in statistics?
The significance level, often denoted as alpha (α), is the threshold for determining whether a hypothesis test result is statistically significant.
How do you choose the significance level?
Typically, a significance level of 0.05 is used, but it can vary based on the field of study or specific research requirements.
What does a significance level of 0.01 mean?
A significance level of 0.01 indicates that there is a 1% risk of concluding that a difference exists when there is no actual difference.
Can the significance level be adjusted after the study?
No, the significance level should be set before conducting the study to avoid bias in interpreting the results.
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