How often is a "significant" signal actually real?
Your desk tests candidate signals at significance level , and your test has power (it flags a truly real signal of the time). From experience, about of the signals you bother testing turn out to be real.
Among signals your test flags as significant, what fraction are actually real? Redo it if only of tested signals are real.
Your answer
This one is open-ended. Work it through, then check your reasoning against the full solution.