Suppose you have observations from five different regions within your state and you wish to do hypor tests to compare the mean home value across groups. Using the Bonferroni Correction, what significance level should you use for each hypothesis test if you want an overall significance of 0.05? Round to the nearest tholeandth thase

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23) Suppose you have observations from five different regions within your state and you wish to do hypothesis
tests to compare the mean home value across groups. Using the Bonferroni Correction, what signiticance level
should you use for each hypothesis test if you want an overall significance of0.05? Round to the nearest
thousandth.
A) 0.005
8) 0.010
C) 0.050
D) None of these
Transcribed Image Text:23) Suppose you have observations from five different regions within your state and you wish to do hypothesis tests to compare the mean home value across groups. Using the Bonferroni Correction, what signiticance level should you use for each hypothesis test if you want an overall significance of0.05? Round to the nearest thousandth. A) 0.005 8) 0.010 C) 0.050 D) None of these
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