- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 8. Hypothesis Testing
- Subject 6. The Decision Rule

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**CFA Practice Question**

In hypothesis testing, the p-value is ______.

B. the smallest level of significance at which the null hypothesis can be rejected

C. the dividing value between the acceptance and rejection regions

D. the value against which the computed value of the test statistic is compared to decide whether or not to reject the null hypothesis

A. a quantity, calculated on the basis of a sample, whose value is the basis for deciding whether to reject the null hypothesis

B. the smallest level of significance at which the null hypothesis can be rejected

C. the dividing value between the acceptance and rejection regions

D. the value against which the computed value of the test statistic is compared to decide whether or not to reject the null hypothesis

Correct Answer: B

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