When conducting a significance test in practice, how should you choose the alpha level? a) Always use alpha=0.05 since it's the most appropriate for every situation. b) Always use alpha=0.05 since it's the most commonly used one. c) Use a larger alpha when the consequences of mistakenly rejecting the null hypothesis are more serious. d) Use a smaller alpha when the consequences of mistakenly rejecting the null hypothesis are more serious.

MATLAB: An Introduction with Applications
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When conducting a significance test in practice, how should you choose the alpha level?

a) Always use alpha=0.05 since it's the most appropriate for every situation.
b) Always use alpha=0.05 since it's the most commonly used one.
c) Use a larger alpha when the consequences of mistakenly rejecting the null hypothesis are more serious.
d) Use a smaller alpha when the consequences of mistakenly rejecting the null hypothesis are more serious.
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