CFA Level 1: Quantitative Methods

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Last updated 4:03 AM on 6/29/26
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7 Terms

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Stratified Random Sampling (L7)

A sampling tool that create subgroups or categories from a population based on characteristics, and a sample is conducted for each subgroup.

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Probability Sampling (L7)

Also known as random sampling is a sampling method in which every population has an equal opportunity of being selected.

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Nonprobability Sampling (L7)

A type of sampling method uses the judgement of the researcher to select sampling items, with no equal probability of being selected but has the risk of bias.

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2 Types of Sampling Methods (L7)

  • Probability Sampling

  • Nonprobability Sampling

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Cluster Sampling (L7)

A sampling tool that uses clusters to represent an overall population.

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One Stage Cluster (L7)

Takes a random sample of cluster and include all data from cluster.

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Second Stage Cluster (L7)