Chartered Financial Analyst Level 1

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Explanation:

Option A (Incorrect): Nonparametric tests are often used when data contain outliers, as they do not rely on distributional assumptions.
Option B (Incorrect): Nonparametric tests are suitable for ranked or ordinal data, as they do not require the data to meet parametric assumptions.
Option C (Correct): A nonparametric test is least appropriate here because parametric tests can be applied when the sample size is large (50 observations) and the data follow a lognormal distribution. Parametric tests are more powerful in such cases, assuming the distributional requirements are met.

Explanation:

Option A (Incorrect): Nonparametric tests are often used when data contain outliers, as they do not rely on distributional assumptions.
Option B (Incorrect): Nonparametric tests are suitable for ranked or ordinal data, as they do not require the data to meet parametric assumptions.
Option C (Correct): A nonparametric test is least appropriate here because parametric tests can be applied when the sample size is large (50 observations) and the data follow a lognormal distribution. Parametric tests are more powerful in such cases, assuming the distributional requirements are met.

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include outliers.

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are ranked or ordinal.

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originate from a lognormal distribution.