A 5% level of significance suggests a higher level of confidence than a 1% level of significance.

Name: A 5% level of significance suggests a higher level of confidence than a 1% level of significance.
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Question

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A 1% level of significance suggests a higher level of confidence than a 5% level of significance. The smaller the level of significance, the greater the level of confidence in rejecting the null hypothesis.

A 5% Level of Significance Suggests a Higher Level of Confidence