When asked to explain the meaning of “statistically significant at the ? =0.01 level,” a student says, “This means there is only probability 0.01 that the null hypothesis is true.” Is this an essentially correct explanation of statistical significance? Explain your answer.
When asked to explain the meaning of “statistically significant at the ? =0.01 level,” a student says, “This means there is only probability 0.01 that the null hypothesis is true.” Is this an essentially correct explanation of statistical significance? Explain your answer.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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When asked to explain the meaning of “statistically significant at the ? =0.01 level,” a student says, “This means there is only probability 0.01 that the null hypothesis is true.” Is this an essentially correct explanation of statistical significance? Explain your answer.
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