When we set a = 0.05 for a hypothesis test, we are setting O the probability of reaching the wrong conclusion to 0.05 O the probability of a Type Il error equal to 0.05 the probability of reaching the correct conclusion equal to 0.05 O the probability of a Type I error equal to 0.05

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter19: Externalities And Public Goods
Section: Chapter Questions
Problem 19.12P
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the probability of reaching the wrong conclusion to 0.05
the probability of a Type II error equal to 0.05
the probability of reaching the correct conclusion equal to 0.05
the probability of a Type I error equal to 0.05
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When we set a = 0.05 for a hypothesis test, we are setting_____
the probability of reaching the wrong conclusion to 0.05
the probability of a Type Il error equal to 0.05
the probability of reaching the correct conclusion equal to 0.05
the probability of a Type I error equal to 0.05
Transcribed Image Text:When we set a = 0.05 for a hypothesis test, we are setting_____ the probability of reaching the wrong conclusion to 0.05 the probability of a Type Il error equal to 0.05 the probability of reaching the correct conclusion equal to 0.05 the probability of a Type I error equal to 0.05
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