CFA CFA Level 1 Question of the Week: Level 1 – Quantitative Methods

Question of the Week: Level 1 – Quantitative Methods

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    • MarkMeldrum
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      The power of a test is:

      • A. the probability of correctly rejecting the null.
      • B. the probability of accepting a false alternative.
      • C. the probability of incorrectly rejecting the null.
    • barbtoksv
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      Thanks very much for all these questions. However, can we have questions on other topics? The previous weeks have focused on hypothesis testing, it would be good to get questions in other areas. Thanks again!!!

    • MarkMeldrum
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      The correct answer is Option A:

      Whereas the significance level of a test is the probability of incorrectly rejecting the null, the power of a test is the probability of correctly rejecting the null, that is, the probability of rejecting the null when it is false.

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