answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What does 5 percent level of significance means?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The 5 percent level of significance and 1 percent level are the minimum level for certain kinds of research Anyone know which ones?

I think it is hypothesis testing


How can you explain the significance level of at statistics?

Significance Level (Alpha Level): If the level is set a .05, it means the statistician is acknowledging that there is a 5% chance the results of the findings will lead them to an incorrect conclusion.


Why null hypothesis it is tested at 0.05 level of significance?

A significance level of 0.05 is commonly used in hypothesis testing as it provides a balance between Type I and Type II errors. Setting the significance level at 0.05 means that there is a 5% chance of rejecting the null hypothesis when it is actually true. This level is widely accepted in many fields as a standard threshold for determining statistical significance.


Confidence level and significance level?

The confidence level is the probability that the true value of a parameter lies within the confidence interval. It is typically set at 95% in statistical analysis. The significance level is the probability of making a Type I error, which is mistakenly rejecting a true null hypothesis. It is commonly set at 0.05.


How do you work out 5 percent of 360?

percent means "out of 100", so 5 percent (5%) is 5/100 "of" means multiply. 5% of 360 = 5/100 x 360 = 18


Percent means divided by?

The word percent means "per one hundred." For example, 5% would be 5 divided by 100, or 5/100.


What is 5 percent of 580p?

Percent means out of 100 → 5 % of 580p = 5/100 × 580p = 29p


What is 5 percent of 11000?

Percent means "out of 100" → 5% of 11000 = 5/100 × 11000 = 550.


What is 5 percent of 2425?

Percent means "out of 100" → 5 % of 2425 = 5/100 x 2425 = 121.25


What is 5 percent of 5.60 pounds sterling?

percent means "out of 100" → 5% of £5.60 = 5/100 × £5.60 = £0.28


Your hcg level is 7 are you pregnant?

hcg level under 5 means not pregnant anything over 5 means you are


What is 5 percent of GBP 5?

percent means out of 100 → 5% of £5.00 = 5/100 × £5.00 = £(5/100×5) = £(25/100) = £0.25