- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 7. Estimation and Inference
- Subject 2. The Central Limit Theorem and Inference
CFA Practice Question
Which statement(s) is (are) true?
II. If a sample size is sufficiently large, the sampling distribution of the sample means will be approximately normal.
I. The sampling error is the difference between a sample statistic and the median of the distribution.
II. If a sample size is sufficiently large, the sampling distribution of the sample means will be approximately normal.
Correct Answer: II
User Contributed Comments 3
| User | Comment |
|---|---|
| JakeZ | If I dont understand what it means the answer is always NOT true! |
| cslau83 | Why is I not true? this is because only for normal distribution mode = median = mean |
| leftcoast | cslau83 - yes. For it to be true it has to read "the sampling error is the difference between a sample statistic and the mean of the distribution." The original distribution doesn't have to be normal, so mean doesn't have to equal median. |