Type 1 and Type 2 errors Flashcards
1
A
When we accept the alternative and reject the null when we should have rejected the alternative
2
Q
When is a Type 1 error more likely to happen
A
When the signitifcance level is too linent 0.1
3
Q
What is a Type 2 error
A
When the null is accepted when the alterntive should have been accepted
4
Q
When does a type 2 error occur
A
When using a too stringent significance level such as 0.01
5
Q
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Why should we use a 0.05 level signifcance
A
Reduce errors of Type 1 and Type 2 errors as only a 5% the varibales are down to chance.
