What is a p-value

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What is a P-value? Why do small P-values lead us to reject the null hypothesis is a statistical test?

How is a significance level used in a hypothesis test? When would it be appropriate to use a lower significance level (0.01) as opposed to a higher significance level (0.10)?

What is the difference between a Type 1 and Type II error in a hypothesis test?

Reference no: EM132951512

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