MathStatisticsInferential StatisticsHypothesis testing

Introduction to statistical hypothesis testing

Netflix advertising: the significance level

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Imagine you're the head of Netflix advertising. You have a hypothesis: if you add ads within one series, the company's profit will increase up to 200000$. For this test, you've selected the significance level of $0.01$ , but your colleague has said that is very low and suggested a significance level of $0.02$ . What will it change?

Select one or more options from the list

Type I Error probability will decrease

Type II error probability will decrease

Type I Error probability will increase

Type II error probability will increase

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