Why does the significance level differ among industries

Reference no: EM13197589

Why does the significance level differ among industries? Is the null hypothesis more likely to be rejected at α = 0.01 than α = 0.10? As the significance level increases to α = 0.10 from α = 0.01, which type error is more likely to occur? What may be done to reduce the likelihood of incurring this error?

Reference no: EM13197589

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