- 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
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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