标题: level of significance in practice - hypothesis testing [打印本页] 作者: cmacedo 时间: 2011-7-13 16:37 标题: 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.作者: Kiakaha 时间: 2011-7-13 16:37
Practically speaking I've predominantly seen the 95% and 99% being quoted in real financial data. 95% even more so.
