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Reading 7: Statistical Concepts and Market Returns - LOS b

Q4. Which of the following is an example of a parameter?

A)   Sample standard deviation.

B)   Population variance.

C)   Sample mean.

Q5. A summary measure of a characteristic of an entire population is called a:

A)   statistic.

B)   parameter.

C)   census.

Q6. Which of the following statements regarding frequency distributions is least accurate? Frequency distributions:

A)   summarize data into a relatively small number of intervals.

B)   work with all types of measurement scales.

C)   organize data into overlapping groups.

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