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If you decided to make the critical p-value or alpha for significance as 0.001 as opposed to the conventional 0.05, what would the consequences be?
If you decided to make the critical p-value or alpha for significance as 0.001 as opposed to the conventional 0.05, what would the consequences be?
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You would be more likely to make a Type II error
There would be fewer instances when the null hypothesis would be rejected
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You would be less likely to make a Type I error
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