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Basic Question 2 of 2
When do we use a nonparametric test?
II. The data is in the form of rankings.
III. We want to test the randomness of the sample.
I. The distribution of the underlying population is unknown.
II. The data is in the form of rankings.
III. We want to test the randomness of the sample.
User Contributed Comments 1
| User | Comment |
|---|---|
| thekapila | randomness of sample is good point |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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.