- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 8. Hypothesis Testing
- Subject 12. Parametric vs. NonParametric Tests
CFA Practice Question
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.
Correct Answer: I, II and III
All of the above. All of these reasons justify the use of nonparametric tests.
User Contributed Comments 1
| User | Comment |
|---|---|
| thekapila | randomness of sample is good point |