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Basic Question 6 of 10
In hypothesis testing, what is the function of a critical value that is taken from the tables?
B. It is the point where the decision changes from reject to fail to reject.
C. It is the center of the distribution of X's.
A. It is equal to the calculated statistic from the observed data.
B. It is the point where the decision changes from reject to fail to reject.
C. It is the center of the distribution of X's.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
explain hypothesis testing and its components, including statistical significance, Type I and Type II errors, and the power of a test
CFA® 2024 Level I Curriculum, Volume 1, Module 8.