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In testing hypotheses, if the consequences of rejecting the null hypothesis are ...

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In testing hypotheses, if the consequences of rejecting the null hypothesis are very serious, we should

insist that the P-value be smaller than the level of significance.

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insist that the level of significance be smaller than the P-value.

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conduct the test using a very small level of significance such as α =0.005.

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conduct the test using a very large level of significance such as α =0.20.

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