In a Hypothesis Test, the Probability of a Type II

question 6

Multiple Choice

In a hypothesis test, the probability of a type II error for a given alternative parameter value is known to be 0.45.Assuming this alternative value is correct, what is the probability of correctly rejecting the null hypothesis (the power of the test) ?

• A) power = 0.45
• B) power = 0.55
• C) power = 1
• D) We cannot determine the power without more information.

Identify and rectify incorrect statements regarding the reversal of impairment losses.

Calculate the net carrying amount of assets after allocation of impairment losses.

Distinguish between the cost model and revaluation model for treating impairment losses.

Recognize the definitions and implications of recoverable amount, value in use, and fair value less costs to sell.