What are some situations in which you might accept a higher
Researchers routinely choose an -level of 0.05 for testing their hypotheses. What are some experiments for which you might want a lower -level (e.g. 0.01)? What are some situations in which you might accept a higher level (e.g. 0.1)?
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At the 0.05 level of significance, is there evidence that the proportion of incorrect reimbursements in the population was greater than 0.10?
Electric Depot sells boxes of high efficiency light bulbs ($8 box) and switch plates ($10 each). In June, total sales were $42000. Customers bought 5 times as many boxes of light bulbs as switch plates. How many of each did Electric Depot sell?
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