Answer:
d. less costly
Step-by-step explanation:
Statistical significance level is the probability of rejecting the null hypothesis. Statistical significance at the 0.05 level is the standard level for rejecting the null hypothesis.
A significance of 0.01 shows that there is strong evidence to conclude that the null hypothesis is not true. A 0.05 significance is the most used level while 0.01 is used when multiple tests are conducted or when the researcher is not so sure if the null hypothesis should be rejected. It increases the amount of evidence required to prove the null hypothesis and it also reduces the possibility of obtaining a false positive.
