What does it mean for an event to be unusual? Why should the cutoff for identifying unusual events not always be 0.05?

Wierzycaz

Wierzycaz

Answered question

2021-08-19

What does it mean for an event to be unusual? Why should the cutoff for identifying unusual events not always be 0.05?

Answer & Explanation

Isma Jimenez

Isma Jimenez

Skilled2021-08-20Added 84 answers

An usual event is less than 5%, i.e. less than 0.05

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