CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

Which of the following statements is not correct?
A. A statistic can be used to estimate a parameter.
B. The mean obtained from a survey is a parameter.
C. The variance of a population is a parameter.
Explanation: The mean obtained from a survey is a statistic. A survey is obtained from a sample of the population. Any descriptive measure computed from a survey is a statistic and not a parameter.

User Contributed Comments 3

User Comment
chuong Statistic -> sample
Parameter -> Population
then Statistic is used to estimate the parameter
mc25456 The mean obtained from a survey is a statistic.
Shelton NOT correct
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