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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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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