Reasons for Sampling in Population - [Provider Name] Exam

Not Sampling Population: CFA® Level 1 Exam - Test Prep

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Question

Which of the following is NOT a reason for sampling the population?

Answers

A. Some tests are destructive in nature and hence, should be carried out only on small samples.

B. Inferences from a sample are the same that would be obtained by studying the entire population.

C. It is almost impossible to work with the entire population in most cases.

D. Samples are far easier to work with than the entire population.

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Explanations

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A. B. C. D.

Remember, the entire population contains more information than the sample. With the population, you would get exact parameter values characterizing the population whereas with a sample, you only get estimates.

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