Decision Making Flashcards
What does the ‘significance level’ refer to in hypothesis testing?
represents the threshold for deciding whether to reject the null hypothesis
What is a Type I error and what is another name for it?
-False positive
when the null is true (there is no effect), but we reject it anyway
-evidence leads to wrong conclucion
What is a Type II error and what is another name for it?
-False negative
Null is false(there is an affect), yet we fail to reject it
not enough evidence to conclude, too few observations, pop large var
What type of error occurs if H0 is False but we fail to reject it?
type 2 error
What type of error occurs if HA is True but we do reject it?
type 2
Explain why using 𝛼 = 0.05 as a strict cut-off for significance is problematic
-relies on sample size and samples can be manipulated to create a higher
What should determine the value we use for our significance level of a hypothesis test?
Fischer wanted the signifiance level to be adjusted to the seriousness of getting a wrong conclcuon, 0.05 just has been universally accepted.
Explain in your own words what is meant by the following phrase: “Over time it appears the p-value has become a gatekeeper for whether work is publishable.”
Studies with p-values above this threshold are frequently dismissed as “insignificant,” even if their results might have practical or scientific value