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Changing the alpha level to .05 from .01 what does it do to the risk of Type 1 error?
This will reduce the type 1 error. Since type 1 error is rejecting the null hypothesis when it is true, decreasing alpha (or p value) decreases the risk of rejecting the null hypothesis.
What is Hypothesis Testing of Alpha Value?
Probability of rejecting a true null hypothesis; that is, the alpha value or risk you are willing to take probabilistically speaking.
What factors determine the risk level in the Risk Assessment Matrix?
Probability and Severity are the two factors determine the risk level in the Risk Assessment Matrix.
Comparison to determine a risk level?
elements the make up cross matrix in comparison to determine a risk level
What is the intersection of the assessed probability and severity of a hazard called in the Composite Risk Management process?
Risk Level
Changing the alpha level to .05 from .01 what does it do to the risk of Type 1 error?
This will reduce the type 1 error. Since type 1 error is rejecting the null hypothesis when it is true, decreasing alpha (or p value) decreases the risk of rejecting the null hypothesis.
If we reject the null hypothesis what can we conclude about the alpha risk?
If we reject the null hypothesis, we conclude that the alternative hypothesis which is the alpha risk is true. The null hypothesis is used in statistics.
What does alpha mean in reference to mutual funds?
AlphaA coefficient which measures risk-adjusted performance, factoring in the risk due to the specific security, rather than the overall market. A high value for alpha implies that the stock or mutual fund has performed better than would have been expected given its beta (volatility).Alpha is basically a technical measure of performance over a capital price asset model (CAPM). It is based on the amount of risk taken compared to the return expected. If a fund performs better than the benchmark, the alpha is increased (0.0% represents a matching return and may indicate your active fund is a closet index fund; any number above or below would indicate the risk you assumed). Alpha is risk.
What is Hypothesis Testing of Alpha Value?
Probability of rejecting a true null hypothesis; that is, the alpha value or risk you are willing to take probabilistically speaking.
Which two factors determine the risk level in the Risk Assessment Matrix?
Probability and severity determine the risk level in the Risk Assessment Matrix.
What are the negative effects of alpha radiation?
Alpha radiation can be harmful if ingested or inhaled, as it can damage cells and DNA, leading to an increased risk of cancer. However, alpha particles can be stopped by a sheet of paper or human skin, so they are not as dangerous as other types of radiation unless the source is inside the body.
What factors determine the risk level in the Risk Assessment Matrix?
Probability and Severity are the two factors determine the risk level in the Risk Assessment Matrix.
What two factors determine the risk level in the Risk Assessment Matrix?
Probability and Severity are the two factors determine the risk level in the Risk Assessment Matrix.
Which two factors determine the risk level in the assessment matrix?
Probability and severity determine the risk level in the Risk Assessment Matrix.
Can alpha particles cause lung cancer?
yes it can cause more risk of cancer.
Does a raised glucose level mean I am diabetic?
A raised glucose level does not always mean a person is diabetic but it does increase the risk of becoming diabetic. It could also indicate kidney problems or be caused of obesity.
The terms catastrophic marginal and negligable used in the risk assessment matrix refer to the level of?
These terms are commonly used in the risk assessment matrix and refer to the levels of risk. Catastrophic is the highest level of risk while negligible risk is the lowest level.
