CFA Practice Question

There are 434 practice questions for this study session.

CFA Practice Question

Of the following statements:

I. The level of significance of a hypothesis test is the probability of rejecting the null hypothesis when it is actually true.
II. Type II error is failing to reject the null hypothesis when it is actually false.
A. Only I is true.
B. Only II is true.
C. I and II are true.
Explanation: The level of significance is defined as the probability of rejecting the hypothesis when it is actually true. A Type II error is failing to reject the hypothesis when it is actually false.

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