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What does it mean if we have an alpha value of 005 how

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In confidence intervals, we deal with a value called "alpha.' what is the meaning of this value? How is it related to our confidence value?

What does it mean if we have an alpha value of 0.05? How about if we have an alpha value of 0.10? Is this value set for us or do we as researchers choose it ourselves? If we do choose it, what criteria do we use? answer the questions and show all the steps

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Basic Statistics: What does it mean if we have an alpha value of 005 how

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