Which of the following statements is TRUE?
We reject the null hypothesis when p-value is larger than the significance level.
If an effect is substantively significant, then it must also be statistically significant.
If we want to reduce the probability of a Type II error, the probability of a Type I error will increase.
α=0.01 means there is a 1% chance that we fail to reject the null hypothesis when the alternative
hypothesis is true.
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