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False alarm rate of a small trial

StatisticsEasy

You test whether a signal's hit rate is against , using independent trades, and reject when at least of them hit. What is the size of this test, the chance of rejecting when the hit rate really is ? Give a fraction.

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A whole number, a decimal, a fraction like 3/8 or a percent.

Hint

Under the null every sequence of results has the same chance.

Solution
  1. There are equally likely sequences.
  2. Exactly hits happen in sequences and exactly hits in .
  3. The size is .

Answer: