CFA Practice Question

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CFA Practice Question

Consider the following statements about confidence intervals and tests of significance:

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?
Correct Answer: I, II and III

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!
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