If you are 90% sure about making the right decision, what is alpha(a) value?

MATLAB: An Introduction with Applications
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# How Sure Are You About Making the Right Decision?

### Level of Confidence (LoC)
- **C = 90% (0.90), 95% (0.95), or 99% (0.99)**
  - This represents how confident we are in our decision.

### Level of Significance (α) Alpha
- **α = 1 - C**
  - Example: If LoC = 95%, then C = 0.95
  - Therefore, α = 1 - 0.95
  - α = 0.05

**Q: If you are 90% sure about making the right decision, what is the alpha (α) value?**

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Transcribed Image Text:# How Sure Are You About Making the Right Decision? ### Level of Confidence (LoC) - **C = 90% (0.90), 95% (0.95), or 99% (0.99)** - This represents how confident we are in our decision. ### Level of Significance (α) Alpha - **α = 1 - C** - Example: If LoC = 95%, then C = 0.95 - Therefore, α = 1 - 0.95 - α = 0.05 **Q: If you are 90% sure about making the right decision, what is the alpha (α) value?** [Text box provided for answer input]
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