Answered: Discuss the difference between the 95%…

Discuss the difference between the 95% and 99% confidence levels. What are the corresponding alpha levels and how confident is the researcher in the results?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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**Transcription:**

**Discuss the difference between the 95% and 99% confidence levels. What are the corresponding alpha levels and how confident is the researcher in the results?**

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Expert Solution

Step 1: Write down the given information

We have to tell the difference between 95% and 99% confidence level

We have to calculate corresponding alpha levels

Confidence level = 100*(1 - alpha)%

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