- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 7. Statistical Concepts and Market Returns
- Subject 1. The Nature of Statistics

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**CFA Practice Question**

A sample of 1,600 MBA recruiters was used to rank the top MBA schools in the U.S. and abroad. The resulting rankings are ______.

A. statistics

B. means

C. parameters

**Explanation:**The rankings obtained by means of a survey are statistics; these can be used to estimate the actual ranking of each school.

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