Rejecting the null hypothesis in given problem

Reference no: EM131772730

Question: Many researchers decide to reject the null hypothesis as long as the p-value is 0.05 or less. In a testing situation for which a type 2 error is much more serious than a type 1 error, should researchers require a higher or a lower p-value in order to reject the null hypothesis? Explain your reasoning.

Reference no: EM131772730

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