Here are the essential concepts you must grasp in order to answer the question correctly.
Type I Error
A Type I error occurs when a true null hypothesis is incorrectly rejected. In the context of hypothesis testing, this means concluding that there is an effect or difference when, in fact, there is none. This type of error is often denoted by the significance level alpha (α), which represents the probability of making this error.
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Null Hypothesis (H0)
The null hypothesis is a statement that there is no effect or no difference, and it serves as the default assumption in hypothesis testing. In this case, the null hypothesis would state that the population proportion p is equal to 0.53. Researchers test this hypothesis against an alternative hypothesis to determine if there is enough evidence to reject it.
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Statistical Significance
Statistical significance refers to the likelihood that a result or relationship observed in data is not due to random chance. It is typically assessed using a p-value, which indicates the probability of observing the data if the null hypothesis is true. A result is considered statistically significant if the p-value is less than the predetermined significance level, often set at 0.05.
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Parameters vs. Statistics