Respuesta :
5 out of 100 tests just at 5% level would just be statistically significant solely by chance.
Define the term significance level?
- The likelihood that an event may have happened by chance is the significance level of such an event (including a statistical test).
- The likelihood of rejecting that null hypothesis when it is true, or the alpha level, is used in statistical tests to evaluate statistical significance.
- The significance level, or alpha, for this example is set at 0.05 (5%).
If somehow the null hypothesis became correct, we can anticipate that the extreme dates that occur only by chance would happen just 5% of the time.
Determine 5% of 100.
= 100(5%)
= 100(0.05)
= 5
As a result, we anticipate that 5 out of 100 tests just at 5% level would just be statistically significant solely by chance.
To know more about the significance level, here
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