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Questions tagged [p-value]

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Type-I vs. type-II error in statistical hypotheses testing

Let us consider standard statistical hypotheses testing: $$\alpha=P\{\text{type}-I \text{ error}\}=P\{\text{Rejecting } H_0 \text{ when }H_0\text{ is true}\}$$ and $$\beta=P\{\text{type}-II \...