How to Choose the Level of Significance: A Pedagogical Note

The level of significance should be chosen with careful consideration of the key factors such as the sample size, power of the test, and expected losses from Type I and II errors. While the conventional levels may still serve as practical benchmarks, they should not be adopted mindlessly and mechanically for every application.

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Year of publication:	2015-08-31
Authors:	Kim, Jae

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Kim, Jae (2015): How to Choose the Level of Significance: A Pedagogical Note.
Classification:	A2 - Economics Education and Teaching of Economics ; C12 - Hypothesis Testing
Source:	BASE

Persistent link: https://www.econbiz.de/10015251117