CFA Practice Question

There are 434 practice questions for this study session.

CFA Practice Question

Which of the following statements is the LEAST accurate with respect to parametric and nonparametric tests?
A. A nonparametric test makes very few assumptions about the distribution of the underlying population.
B. Nonparametric tests cannot be used when data is expressed in terms of ranks.
C. A parametric test makes specific assumptions about the distribution of the underlying population.
Explanation: Nonparametric tests may certainly be used when data is expressed in terms of ranks.

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