What is the value of α that corresponds to a level of confidence of 88%?
Question options:
0.88 |
|
0.12 |
|
None of these |
|
12 |
|
1.2 |
Solution:
Given, level of confidence = 88% = (1- α )100%
The significance level= α
Now, (1- α )100=88
1- α= 88/100
1-α =0.88
α=1-0.88
α=0.12
Hence, the correct option is α=0.12
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