What does "level of proof" mean? (Alpha in hypothesis testing.)
What is the technical definition of alpha?
When might a "high level of proof" be required in business?
Why does a "high level of proof" mean a small value of alpha?© BrainMass Inc. brainmass.com June 4, 2020, 1:14 am ad1c9bdddf
(a) It is the minimum chance or probability required for rejecting a null hypothesis
(b) It is the probability of making a Type I ...
This solution helps define various statistical concepts.