cfa hypothesis testing - cfa-course.com

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We are talking about CFA Hypothesis Testing.
A hypothesis test has seven steps:
1) State the hypothesis
2) Identify the appropriate test statistic and its probability distribution.
3) Specify the segnifiance level
4) State the decision rule.
5) Collect the data and calculate the test statistic.
6) Make the statistical decision
7) Make the economic or investment decision

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