- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 8. Hypothesis Testing
- Subject 7. Test of a Single Mean
CFA Practice Question
Suppose a t-test for the hypothesis that H(O): μ = 0 vs. H(A): μ ≠ 0 is carried out and we find t(obs.) = 1.8. The descriptive significance level of the test is ______.
A. the Type I error probability of the test
B. the probability of getting a t-value >= 1.8 or <= -1.8
C. the Type II error probability of the test
User Contributed Comments 5
| User | Comment |
|---|---|
| thecfaguy | Can someone explain !?! |
| Fernie | you are not alone mate! lol |
| geofin | "the descriptive significance level of the test" is just another (extremely rarely used) name for the p-value of the test. |
| Benn09 | That's extremely annoying, I only saw "significance level" |
| mmccoy | arghhhh |