4) In the p-value approach, if p-value>a (the level of significance) we reject the null hypothesis. 201

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4)
In the p-value approach, if p-value>a (the level of significance) we reject
the null hypothesis.
5)
If you fail to reject the null hypothesis at the 5% level, then the probability
that you are wrong is always 5%.
A wider confidence interval gives a greater level of confidence than a
6)
narrower one (when working with the same data).
Transcribed Image Text:4) In the p-value approach, if p-value>a (the level of significance) we reject the null hypothesis. 5) If you fail to reject the null hypothesis at the 5% level, then the probability that you are wrong is always 5%. A wider confidence interval gives a greater level of confidence than a 6) narrower one (when working with the same data).
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