CFA Practice Question

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CFA Practice Question

Descriptive statistics ______.

I. is the study of how data can be summarized effectively to describe the important aspects of large data sets
II. make probabilistic statements about returns
III. is most useful in the case of skewed distributions
Correct Answer: I

User Contributed Comments 3

User Comment
Bibhu Descriptive statistics does say nothing about probabilities of data.
loisliu88 what is most useful in the case of skewed distributions.
poomie83 Inferential statistics - all the way baby!!
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