When Using a Significance Level of 0

question 8

Multiple Choice

When using a significance level of 0.05, how often will you reject hypotheses that are actually correct?

• A) 5% of the time or less
• B) 5% of the time or more
• C) 50% of the time or less
• D) 50% of the time or more
• E) 95% of the time or more

---

Definitions:

Quotas

Limits set by governments on the amount of a particular product that can be imported or exported during a specified time period, used to regulate trade.

World Trade Organization

An international organization that regulates international trade.

Economies of Scale

Cost advantages achieved when increasing production leads to lower fixed costs per unit.

Restrictive Health

Policies or practices designed to restrict or control the availability of medical treatments, procedures, or resources, often for regulatory or budgetary reasons.