How much power do you lose going from 5% to 1%?
A one-sided test uses against with a known , a sample of . The true mean is . At the power is 0.91.
Recompute the power if the significance level is tightened to , and comment on the trade-off.
A one-sided test uses against with a known , a sample of . The true mean is . At the power is 0.91.
Recompute the power if the significance level is tightened to , and comment on the trade-off.