Ace Hypothesis Testing for CFA® Level I (QM, LM 8). Jim covers the full workflow: null vs. alternative hypotheses, one-tailed vs. two-tailed tests, choosing Z, T, χ², or F, p-values, Type I and Type II errors, test power, single-mean tests, two-mean tests for independent and paired samples, and variance and ratio tests. Plain-English examples plus common exam traps.
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Topic 1 – Quantitative Methods
Learning Module 8 – Hypothesis Testing
- LOS: Explain hypothesis testing and its components, including statistical significance, Type I and Type II errors, and the power of a test.
- LOS: Construct hypothesis tests and determine their statistical significance, the associated Type I and Type II errors, and power of the test given a significance level.
- LOS: Compare and contrast parametric and nonparametric tests, and describe situations where each is the more appropriate type of test.
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