A. If standard deviation is assigned the value 0.001, what are we saying about t

Question

A. If standard deviation is assigned the value 0.001, what are we saying about the type 1 error?
B. If standard deviation is assigned the value 0.05, what are we saying about the type 1 error?
C. If standard deviation is assigned the value 0.10, what are we saying about the type 1 error?
All questions must be answered. Thank you so much in advance.
a. If o is assigned the value 0.001, what are we saying b. If a is assigned the value 0.05, what are we saying c. I 8.26 about the type l error? about the type l error? If is assigned the value 0.10, what are we saying about the type l error?

Explanation / Answer

Here is called the level of significance which is the size of the type1 error. (a): Probability of rejecting null hypothesis when it is true at 0.001=0.1%() , which is a producer's risk. (b):Probability of rejecting null hypothesis when it is true at 0.05=5%() , which is a producer's risk. (c):Probability of rejecting null hypothesis when it is true at 0.1=10%() , which is a producer's risk.

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