Session 2: Quantitative Methods: Basic Concepts Reading 7: Statistical Concepts and Market Returns
LOS a: Differentiate between descriptive statistics and inferential statistics, between a population and a sample, and among the types of measurement scales.
Which of the following statements regarding the terms population and sample is least accurate?
A) |
A sample's characteristics are attributed to the population as a whole. | |
B) |
A descriptive measure of a sample is called a statistic. | |
C) |
A sample includes all members of a specified group. | |
A population includes all members of a specified group. A sample is a portion, or subset of the population of interest. |