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Suppose that we conduct a test of significance using 5% as our level of significance. What...

Suppose that we conduct a test of significance using 5% as our level of significance.
What is the probability of making a Type I error (if the null hypothesis is true)?

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Answer #1

The probability of type I error is equal to the level of significance.

So, Probability of making a Type I error = 0.05

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