Answer
The value of α is made as small as possible, because it is much more dangerous to commit a Type-I error (α) as compared to making a Type-II error (β), which have serious consequences for an innocent person.
Work Step by Step
Given above
Statistics (12th Edition)
by McClave, James T.; Sincich, Terry T.
Published by
Pearson
ISBN 10:
0321755936
ISBN 13:
978-0-32175-593-3
Chapter 8 - Inferences Based on a Single Sample - Exercises 8.1 - 8.19 - Applying the Concepts - Advanced - Page 361: 8.18d
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
