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Basic Question 15 of 18

True or False? If false, correct the percentage.

The 70th percentile of the distribution of a random variable, X, is an x-value which is exceeded by 70% of the population of X.
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User Contributed Comments 2

User Comment
surob 100%-70%=30%. So, 30% of the populations exceeds the rest of it.
StanleyMo Exceed by is the key word
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

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.