- CFA Exams
- 2022 Level I
- Study Session 2. Quantitative Methods (2)
- Reading 5. Sampling and Estimation

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##### Learning Outcome Statements PDF Download

1. Sampling Methodsa. compare and contrast probability samples with non-probability samples and discuss applications of each to an investment problem;b. explain sampling error;
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2. The Central Limit Theoremd. explain the central limit theorem and its importance; | |

3. Standard Error of the Sample Meane. calculate and interpret the standard error of the sample mean; | |

4. Point Estimates of the Population Meanf. identify and describe desirable properties of an estimator;
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5. Confidence Intervals for the Population Mean and Selection of Sample Sizeh. calculate and interpret a confidence interval for a population mean, given a normal distribution with 1) a known population variance, 2) an unknown population variance, or 3) an unknown population variance and a large sample size; | |

6. Resamplingi. describe the use of resampling (bootstrap, jackknife) to estimate the sampling distribution of a static; | |

7. Data Snooping Bias, Sample Selection Bias, Look-Ahead Bias, and Time-Period Biasj. describe the issues regarding selection of the appropriate sample size, data-mining bias, sample selection bias, survivorship bias, look-ahead bias, and time-period bias. |

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