Subject:StatisticsPrice:2.86 Bought3
If α = .05 and β = .25, calculate the following:
The statistical decision is to reject the null, and H0 (the null) is really true (i.e., a Type I error)
.05
.99
.20
.95
.01
The Probability of reject null hypothesis and H0 (the null ) is really true (Type I Error) = α
From given that the α =0.05.
Hence P(Type I Error)= 0.05