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Basic Question 9 of 13
The economic decision that we make at the end of the statistical process of the hypothesis test ______.
B. takes into consideration not only the statistical decision, but also all economic issues pertinent to the decision
C. only takes into consideration the statistical decision
A. does not require a statistical decision to have been made
B. takes into consideration not only the statistical decision, but also all economic issues pertinent to the decision
C. only takes into consideration the statistical decision
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Martin Rockenfeldt
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.