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An analyst is testing the hypothesis that the mean excess return from a trading strategy is less than or equal to zero. The analyst reports that this hypothesis test produces a p-value of 0.034. This result most likely suggests that the: A. best estimate of the mean excess return produced by the strategy is 3.4%. B. smallest significance level at which the null hypothesis can be rejected is 6.8%. C. null hypothesis can be rejected at the 5% significance level. |