CFA Practice Question

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CFA Practice Question

True or False? If False, explain why.

Significance at the α = .001 level means that the null hypothesis is almost certainly false.
Correct Answer: True

If the results are significant at the .001 level, it is very unlikely (one-in-one-thousand chance) that the null hypothesis is true.

User Contributed Comments 2

User Comment
nichmax Certain means 100% - The null is supposed to be False for the reason explained above
bantoo Probability of making type-I error is very low.So. null hypothesis is certainly rejected.
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