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Basic Question 9 of 18
The following data represents the annualized total returns (in percentages) for twelve bond funds.
B. 9.55
C. 10.4
14.2, 12.7, 11.7, 11.5, 11.2, 10.8, 10.0, 9.2, 9.1, 8.4, 7.9, -2.1
The median of the distribution is closest to which of the following?
A. 9.47
B. 9.55
C. 10.4
User Contributed Comments 3
| User | Comment |
|---|---|
| viannie | AHhhh! didn't read the question carefully! costly mistake. By 'reading' it as 'mean', I wasted time computing + it's wrong anyway! ad they've the mean as the answer option! got to be careful! |
| Yrazzaq88 | I did the same thing viannie. Our eyes are playing tricks on us! LOL |
| Rachelle3 | Always think of median as half or in the middle then you will remember formula! 12 given data halved = 6 there are 2 numbers as this set of numerical data is even so add the two middle numbers together then divide by 2 like they show you. Whenever you have a set of even numbers always do this! So if there were 6 given data then median or half is 3 so choose numbers in 3rd places add the two numbers together from in the middle then divide by 2! I hope I made it clearer. |
Your review questions and global ranking system were so helpful.
Lina
Learning Outcome Statements
calculate, interpret, and evaluate measures of central tendency and location to address an investment problem
CFA® 2024 Level I Curriculum, Volume 1, Module 3.