Below are two imaginary situations:
Situation 1: N>121, = .05, the test is two tailed
Situation 2: N>121, = .01, the test is two tailed
a. Give the critical values for each of the two situations
b. In which situation is there less chance of making a Type I error? Explain why.
c. What is the effect of changing from .05 to .01 on the probability of making a Type II error?