Question

How does significance level relate to confidence level?

Answer 1

Significance level = 1 - confidence level

Explanation:

Confidence level is denoted as `(1-\alpha)*100\%`, while significance level is denoted as `\alpha`.

For example, if confidence level is `95\%`, significance level is `5\%` , i.e, `\alpha = 0.05`

Hence, Significance level = 1 - confidence level