Let's say you test hypothesis at alpha=.05, does that mean that 5% of your rejections will be wrong?
Is this statement true? If not, can you give an example?
I know that alpha= P(type 1 error), which is the probability of rejecting given Null is true. But I still can't tell whether that statement is true or not. Some of my friends are saying that it is false, but I am not totally convinced.
Am I missing something? Can someone please help me understand this?
Is this statement true? If not, can you give an example?
I know that alpha= P(type 1 error), which is the probability of rejecting given Null is true. But I still can't tell whether that statement is true or not. Some of my friends are saying that it is false, but I am not totally convinced.
Am I missing something? Can someone please help me understand this?