The Analyst Gets to Choose the Significance Level

question 75

True/False

The analyst gets to choose the significance level .It is typically chosen to be 0.50,but it is occasionally chosen to be 0.05.

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Definitions:

Capacity

In law, the ability of an individual to enter into a contract, evidenced by their being of sound mind and of legal age, or by a business to enter into agreements.

Ratification

The act of giving formal consent to a treaty, contract, or agreement, making it officially valid.

Minor

An individual under the legal age of adulthood, often considered as under 18 years old in many jurisdictions.

Majority

More than half of a group or quantity, often used to describe the greater part or number in a community or collection of items.