- CFA Exams
- CFA Exam: Level I 2021
- Study Session 3. Quantitative Methods (2)
- Reading 11. Hypothesis Testing
- Subject 8. Hypothesis Tests Concerning the Mean: T-Test vs. Z-Test

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**CFA Practice Question**

True or False? If False, correct the statement.

If the population mean is known, it makes no sense to test hypotheses concerning the population mean.

Correct Answer: True

The purpose of a hypothesis test is to draw a conclusion about a population based on a sample. If the population is known, there is nothing to hypothesize.

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