Consider the relationship between p-values and significance levels. a. Explain why a value of z-statistic that is significant at the 1% level in a one-sided test is always significant at the 5% level. b. Explain why the reverse is not true. If something is significant at the 5% level in a one-sided test it is not necessarily significant at the 1% level.
Consider the relationship between p-values and significance levels. a. Explain why a value of z-statistic that is significant at the 1% level in a one-sided test is always significant at the 5% level. b. Explain why the reverse is not true. If something is significant at the 5% level in a one-sided test it is not necessarily significant at the 1% level.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Consider the relationship between p-values and significance levels.
a. Explain why a value of z-statistic that is significant at the 1% level in a one-sided test is always significant at the 5% level.
b. Explain why the reverse is not true. If something is significant at the 5% level in a one-sided test it is not necessarily significant at the 1% level.
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