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QNT 351 Week 4 DQ 2

QNT 351 Week 4 DQ 2
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Week 4 DQ2

Why does the significance level differ among industries? Will the null hypothesis be more likely to be rejected at α = 0.01 than α = 0.10? As the significance level increases to α = 0.10 from α = 0.01, which type error is more likely to occur? What can be done to reduce the likelihood of incurring this error?

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