# Alpha Difference

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Why do alphas differ among industries?

Â© BrainMass Inc. brainmass.com March 4, 2021, 7:59 pm ad1c9bdddfhttps://brainmass.com/statistics/probability/alpha-difference-136899

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Alpha stands for the level of significance, which is 1 minus the level of confidence. It is also indicated as the probability of committing a Type I error. The levels of significance ...

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Brief explanation on why alphas differ.

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