You have conducted a test and have this information p 03


  1. You have conducted a test and have this information: p = .03 and a = .05, what is the probability that you will make a Type 1 error?
  2. If you want to decrease the chance of making a Type 1 error what should you change?
  3. You have conducted a test to measure the effectiveness of two different text books. Your results were statistically significant that Textbook 1 results in higher grades than Textbook 2. The class is currently using Textbook2. What else would you like to know before you recommend changing textbooks?

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Business Economics: You have conducted a test and have this information p 03
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