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Basic Question 4 of 10

The level of significance is ______.

I. the probability of rejecting the null hypothesis when the null hypothesis is true
II. the magnitude of the sample size
III. symbolized by the Greek letter α
IV. level of confidence = 1 - (level of significance)

User Contributed Comments 2

User Comment
azramirza The prob of rejecting the null hypothesis when the null hypothesis is is true is alpha. So if I stands true then III is true.
HolzGe1 alpha = probability of Type I-error = level of significance.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

explain hypothesis testing and its components, including statistical significance, Type I and Type II errors, and the power of a test

CFA® 2024 Level I Curriculum, Volume 1, Module 8.