Given below are two statements:
Statement I : The risk of rejecting the null hypothesis when it should be confirmed, is more at 0.05 p - level than at 0.01 p - level
Statement II : The risk of committing a type-I error is lower at 0.05 p - level than at 0.01 p - level
In the light of the above statements, choose the correct answer from the options given below.
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true