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- 2011-7-11
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- 2016-12-25
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level of significance in practice - hypothesis testing
Anyone know if 5% is a standard level of significance used in practice for hypothesis testing?
I know that we can also use 1% or 10%, but 5% seems to be the norm in CFAI and Schweser books to gauge the probability of Type I error (i.e. reject when hypothesis is true).
Thanks. |
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发表于 2011-7-13 16:37
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