- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 8. Hypothesis Testing
- Subject 4. Type I and Type II Errors in Hypothesis Testing
CFA Practice Question
What is the level of significance?
A. z-value of 1.96
B. beta error
C. the probability of a Type I error
Explanation: The level of significance and a Type I error are both the probability of rejecting the null hypothesis when it is actually true.
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