- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 7. Estimation and Inference
- Subject 1. Sampling Methods
CFA Practice Question
Which statement(s) regarding cluster sampling is/are false?
I. All the clusters are included in a cluster sampling.
II. Cluster sampling is commonly used in market survey.
III. A cluster is considered a sampling unit.
Correct Answer: I
Only sampled clusters are included.
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