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Basic Question 13 of 13
Consider the following statements about confidence intervals and tests of significance:
II. A test of significance is a test wherein we wish to ascertain whether or not the value of an unknown population parameter is as stated by an individual or institution.
III. If our confidence interval contains the value of the unknown population parameter as hypothesized under H0, then we would not reject H0 in a two-sided hypothesis test.
I. A confidence interval is a range of values within which we believe that a certain unknown population parameter will fall with a certain degree of confidence.
II. A test of significance is a test wherein we wish to ascertain whether or not the value of an unknown population parameter is as stated by an individual or institution.
III. If our confidence interval contains the value of the unknown population parameter as hypothesized under H0, then we would not reject H0 in a two-sided hypothesis test.
Which statements are true?
User Contributed Comments 4
| User | Comment |
|---|---|
| wundac | That's the lesson in a nutshell |
| jayj001 | statements successfully considered. next. |
| LoveIvie | Nice summary! |
| ldfrench | Borat say VERY NICE! |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
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.