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Basic Question 0 of 9

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.

User Contributed Comments 1

User Comment
thekapila randomness of sample is good point
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

compare and contrast parametric and nonparametric tests, and describe situations where each is the more appropriate type of test

CFA® 2025 Level I Curriculum, Volume 1, Module 8.