In a test of hypothesis, the symbol α represents: a The level of significance, or the probability of rejecting a true H₀. b The power of the test, or the probability of rejecting a false H₀. c The level of significance, or the probability of not rejecting a false H₀. d The level of significance, or the probability of committing a Type II error.

In a test of hypothesis, the symbol α represents: a The level of significance, or the probability of rejecting a true H₀. b The power of the test, or the probability of rejecting a false H₀. c The level of significance, or the probability of not rejecting a false H₀. d The level of significance, or the probability of committing a Type II error.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.15P

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6	In a test of hypothesis, the symbol α represents:
a	The level of significance, or the probability of rejecting a true H₀.
b	The power of the test, or the probability of rejecting a false H₀.
c	The level of significance, or the probability of not rejecting a false H₀.
d	The level of significance, or the probability of committing a Type II error.