Guidelines for Setting the Level of Significance Include

question 4

Multiple Choice

Guidelines for setting the level of significance include:

• A) If costs associated with type 1 error are high and a type 2 error is not costly set the level of significance very low.
• B) If costs associated with type 1 error are high and a type 2 error is not costly set the level of significance very high.
• C) If costs associated with type 1 error are not very high and a type 2 error is costly set the level of significance much higher.
• D) A and C
• E) B and C

---

Definitions:

Republicanism

A political ideology centered around the concept of a republic, where the government is a public matter and the public matters are decided by elected representatives of the population.

Public Life

The aspect of life concerned with public affairs, government, and the communal interests of society, as opposed to private or personal life.

Economic Status

Refers to the financial condition or standing of an individual, group, or area, often evaluated based on income, wealth, and employment.

Adult White Men

Historically, this group was privileged with predominant rights and societal status, especially in voting and property ownership, in various cultures.