Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 2 of 2
If the significance level of a test is the probability of incorrectly rejecting the null hypothesis, then the "power of a test" is defined as which of the following? Choose the best answer.
B. The probability of a Type I error
C. The probability of correctly rejecting the null hypothesis
A. The probability of a Type II error
B. The probability of a Type I error
C. The probability of correctly rejecting the null hypothesis
User Contributed Comments 1
| User | Comment |
|---|---|
| johntan1979 | A is beta B is alpha |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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.