Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 1 of 2
Which of the following is not a characteristic of parametric tests?
B. The parameter tested can be the variance of the sample.
C. The parameter tested can be the mean of the population.
D. The parameter tested can be the standard deviation of the population.
A. The population must follow a certain distribution.
B. The parameter tested can be the variance of the sample.
C. The parameter tested can be the mean of the population.
D. The parameter tested can be the standard deviation of the population.
User Contributed Comments 4
| User | Comment |
|---|---|
| thekapila | good question..read it carefully!! |
| chamad | Remember: parameter for population and statistic for sample (p for p and s for s) |
| praj24 | POPULATION |
| sshetty2 | correct me if I'm wrong but why would you ever need to test for the variance of the sample? you collected the sample data and can just calculate it yourself... |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
compare and contrast parametric and nonparametric tests, and describe situations where each is the more appropriate type of test
CFA® 2024 Level I Curriculum, Volume 1, Module 8.