In: Statistics and Probability
1) Imagine you are explaining to your friend how Type I and Type II errors work. You friend then asks you, “Why don’t researchers just set the alpha error rate really low (like .01%) every time so the odds they make a Type I error are very small?” Explain to your friend why scientists don’t set the alpha error rate to a very small value every time they do research. Can you think of a reason why a scientist would consider setting the alpha error rate to a smaller value than the traditional .05? Provide an example that illustrates your reasoning. Your example can be a hypothetical or real situation. NOTE: Do NOT reuse any examples I provided in the Chapter 9 video lectures.