Notes 17- Statistical Significance and Alpha

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4 Terms

1
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Alpha is ?

The significance cutoff selected before evaluating the P-value.

.

2
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What are the common values ?

0.10, 0.05, 0.01

3
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If p-value <= alpha is ?

Rejected by H0. The result is statistically significant

4
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If p-value is > alpha is ?

Failed to reject H0. Not enough evidence to reject H0.