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Basic Question 9 of 13

The economic decision that we make at the end of the statistical process of the hypothesis test ______.

A. does not require a statistical decision to have been made
B. takes into consideration not only the statistical decision, but also all economic issues pertinent to the decision
C. only takes into consideration the statistical decision

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Craig Baugh

Craig Baugh

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.