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Suppose that for a particular hypothesis test, the consequences of a type i error are not very serious, but there are serious consequences associated with making a type ii error. would you want to carry out the test using a small significance level α (such as 0.01) or a larger significance level (such as 0.10)? explain the reason for your choice.
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Suppose that for a particular hypothesis test, the consequences of a type i error are not very serio...
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