A hypothesis test is being performed for a process in which a type I error will be very costly, but a type II error will be relatively inexpensive and unimportant. Which of the following would be the best choice for alpha (α) in this test?

A hypothesis test is being performed for a process in which a type I error will be very costly, but a type II error will be relatively inexpensive and unimportant. Which of the following would be the best choice for alpha (α) in this test? Correct Answer 0.01

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