Which of the following statements correctly describes the effect of increasing the alpha level (for example, from a = .01 to a = 05)?

MATLAB: An Introduction with Applications
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**Question on Alpha Level and Error Types:**

Which of the following statements correctly describes the effect of increasing the alpha level (for example, from α = .01 to α = .05)?

- ( ) This action increases the likelihood of rejecting H₀ and increases the risk of a Type I error.
  
- ( ) This action decreases the likelihood of rejecting H₀ and increases the risk of a Type I error.
  
- ( ) This action increases the likelihood of rejecting H₀ and increases the risk of a Type II error.
  
- ( ) This action decreases the likelihood of rejecting H₀ and increases the risk of a Type II error.
Transcribed Image Text:**Question on Alpha Level and Error Types:** Which of the following statements correctly describes the effect of increasing the alpha level (for example, from α = .01 to α = .05)? - ( ) This action increases the likelihood of rejecting H₀ and increases the risk of a Type I error. - ( ) This action decreases the likelihood of rejecting H₀ and increases the risk of a Type I error. - ( ) This action increases the likelihood of rejecting H₀ and increases the risk of a Type II error. - ( ) This action decreases the likelihood of rejecting H₀ and increases the risk of a Type II error.
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