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Hypothesis Testing At 1% Significance Level
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This is in continuation of the last lesson. In the last lesson, we did testing at 5% significance level. In this lesson we focus on testing at 1%significance level and why it is better to test at 1% rather than at 5%. It also throws light on when we should take which test. It is being explained with an example for a better understanding.

Shreelekha Verma
Masters in Finance. Currently pursuing PG Diploma in Economics from the University of London. You can follow me for Econometrics.

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Unacademy user
if we reduce type 1 error the type 2 error occurrence increases... m i right