Decision Making Flashcards

1
Q

What does the ‘significance level’ refer to in hypothesis testing?

A

represents the threshold for deciding whether to reject the null hypothesis

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2
Q

What is a Type I error and what is another name for it?

A

-False positive
when the null is true (there is no effect), but we reject it anyway
-evidence leads to wrong conclucion

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3
Q

What is a Type II error and what is another name for it?

A

-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

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4
Q

What type of error occurs if H0 is False but we fail to reject it?

A

type 2 error

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5
Q

What type of error occurs if HA is True but we do reject it?

A

type 2

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6
Q

Explain why using 𝛼 = 0.05 as a strict cut-off for significance is problematic

A

-relies on sample size and samples can be manipulated to create a higher

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7
Q

What should determine the value we use for our significance level of a hypothesis test?

A

Fischer wanted the signifiance level to be adjusted to the seriousness of getting a wrong conclcuon, 0.05 just has been universally accepted.

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8
Q

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.”

A

Studies with p-values above this threshold are frequently dismissed as “insignificant,” even if their results might have practical or scientific value

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