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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 dose residual risk mean in the RM process?
Residual risk refers to the level of risk that remains after all risk management measures have been implemented. In the risk management (RM) process, it is the risk that is still present despite efforts to mitigate, transfer, or eliminate potential threats. Organizations must assess and understand this residual risk to ensure that it is within acceptable limits and to make informed decisions about further risk management strategies. Managing residual risk is crucial for effective risk governance and overall organizational resilience.
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 a alpha ladder?
An alpha ladder is a concept used in finance and investment management to describe a hierarchy of investment strategies or assets ranked by their expected return, or "alpha," relative to risk. The ladder helps investors assess and allocate resources across different strategies, guiding them to optimize their portfolio for performance. Each rung of the ladder represents a different level of risk and potential reward, enabling investors to make informed decisions based on their risk tolerance and investment goals.
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.
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 is threat con alpha?
Threat Con Alpha is a level in the U.S. military's Threat Condition (THREATCON) system that indicates a general state of readiness. It signifies a low risk of terrorist attacks, meaning that there is no specific threat detected, but security measures are still maintained. While under Threat Con Alpha, normal activities can continue, but vigilance is still encouraged to ensure safety.
What is FPCON Alpha?
FPCON Alpha is a part of the Force Protection Condition (FPCON) system used by the U.S. military to indicate a general threat level. It signifies a situation where there is an increased risk of terrorist activity or other hostile actions, prompting enhanced security measures. Under FPCON Alpha, personnel are advised to be more vigilant and to take precautions, but no specific threat has been identified. It serves as a baseline for security readiness, allowing for adjustments if the threat level rises.
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 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.
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.
Can alpha particles cause lung cancer?
yes it can cause more risk of cancer.
