Common term used to describe the significance level. A value observed in a traditional statistical hypothesis test to decide if the null hypothesis should be rejected. This relates to the Type I error and is often desired to be no more than 5%.
The acceptable percentile of the Type I error.
Common term used to describe the significance level. A value observed in a traditional statistical hypothesis test to decide if the null hypothesis should be rejected. This relates to the Type I error and is often desired to be no more than 5%.