- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 7. Estimation and Inference
- Subject 1. Sampling Methods
CFA Practice Question
Descriptive statistics ______.
II. make probabilistic statements about returns
III. is most useful in the case of skewed distributions
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!! |