Preparatory Statistics
The significance level, often denoted as alpha ($$\alpha$$), is the threshold used to determine whether a statistical result is significant enough to reject the null hypothesis. It represents the probability of making a Type I error, which occurs when the null hypothesis is incorrectly rejected. A common significance level used in hypothesis testing is 0.05, meaning there is a 5% chance of falsely concluding that an effect exists when it actually does not.
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