CFAQuantitative Methods

If p-value is 0.03 and significance level α = 0.05, we should:

AFail to reject H₀
BReject H₀ (significant at the 5% level)CORRECT
CAccept H₀ definitively
DTest again
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Why the answer is B, and why the others tempt you.
p-value (0.03) < α (0.05) → reject H₀. Note: 'reject' doesn't mean 'prove false', just statistically significant.
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