CFA Practice Question

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CFA Practice Question

When do we use a nonparametric test?

I. The distribution of the underlying population is unknown.
II. The data is in the form of rankings.
III. We want to test the randomness of the sample.
Correct Answer: I, II and III

All of the above. All of these reasons justify the use of nonparametric tests.

User Contributed Comments 1

User Comment
thekapila randomness of sample is good point
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