Extra Exercise 12 ----------------- Some possible explanations: * a P-value below 1% (i.e., significance at 1%) is also below 5% (i.e., significance at 5%), * an event occurring by chance with probability less than 1% also occurs with probability less than 5%, * it is "more difficult" (in the sense of a stronger requirement) to be significant at the 1% than 5% level.