CFA Practice Question

CFA Practice Question

Which of the following is incorrect?
A. The larger the p-value, the more confidence we can have in rejecting a null hypothesis.
B. If the p-value is 0.02, it means the null hypothesis can be rejected at the 95% level of confidence but not at the 99% level of confidence.
C. The p-value is the probability (assuming that the null hypothesis is true) of obtaining a test statistic at least as extreme as the one that was actually observed.
Explanation: The smaller the p-value, the more confidence we can have in rejecting a null hypothesis.

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