Type I Error and Type II Error | Md. Nafeez Al Tarik, CFA, FRM
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Type I Error and Type II Error | Md. Nafeez Al Tarik, CFA, FRM
Type I error is called 'False Positive' which is the probability of rejecting the null hypothesis when it is true. On the other hand, Type II error is 'False Negative', which indicates the probability failure to rejecting the null when it is false. #Finance #Statistics #CFA #FRM #HypothesisTesting https://lnkd.in/gZcqKmJ4
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