- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 8. Hypothesis Testing
- Subject 7. Test of a Single Mean

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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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