Frequency of committing error with different alpha level

Reference no: EM1315188

Fourteen of 180 publicly traded business services companies failed a test for compliance with Sarbanes-Oxley requirements for financial records and fraud protection.

Assuming that these are a random sample of all publicly traded companies, construct a 95 percent confidence interval for the overall noncompliance proportion.

The 95% confidence interval

In 1,000 samples, assuming that H0 is true, how many times would you expect to commit Type I error if:

	Type I Error
(a) α = .05
(b) α = .01
(c) α = .001

Reference no: EM1315188

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