Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
Basic Question 5 of 20
Let us define a new statistic as the distance between the 70th sample percentile and the 30th sample percentile. This new statistic would give us information concerning ______.
B. variability
C. relative position
D. skewness
E. symmetry
A. central tendency
B. variability
C. relative position
D. skewness
E. symmetry
User Contributed Comments 6
| User | Comment |
|---|---|
| surob | Can someone expain what it means? Why B? |
| arkot90 | it s a measure of absolute dispertion like range so it measures the variability |
| gmilchev | Can someone give more detail? |
| Saxonomy | * Central Tendency would need the mean, or arguably the 50th %ile info. * Relative Position would need to compare a %ile against a reference e.g mean or 50th %ile. * Skewness needs mean against median or vice versa. * Symmetry needs more than 30%/70%, would need 49/51, 45/55, 40/60 and maybe one or two more. Variability is the only answer that you can confidently get from a 30/70 %ile data reference. Hope this makes sense. |
| jejasin | If this were fill in the blank I would've guessed kurtosis... =\ |
| sungryongl | why can't A slo be an answer? mean would be 50th percentile in between 70th and 30th |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
calculate, interpret, and evaluate measures of dispersion to address an investment problem
CFA® 2024 Level I Curriculum, Volume 1, Module 3.