(A) A p-value of 0.05 is good because there is a 95% chance that our data is due to random error (B) This significance level of 0.05 is widely considered acceptable across multiple disciplines.
(A) A p-value of 0.05 is good because there is a 95% chance that our data is due to random error (B) This significance level of 0.05 is widely considered acceptable across multiple disciplines.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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