In testing hypotheses, if the consequences of rejecting the null hypothesis are very serious (when the  null hypothesis is indeed true), we should use a very small level of significance. use a very large level of significance. insist that the level of significance be smaller than the P-value.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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In testing hypotheses, if the consequences of rejecting the null hypothesis are very serious (when the  null hypothesis is indeed true), we should

  1. use a very small level of significance.
  2. use a very large level of significance.
  3. insist that the level of significance be smaller than the P-value.
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