- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 3. Statistical Measures of Asset Returns
- Subject 1. Measures of Central Tendency
CFA Practice Question
Find the measures of central tendencies (mean, median, mode) for the following lengths of operating times (in months) of 15 randomly selected car batteries: 18, 21, 22, 22, 23, 23, 23, 25, 25, 26, 27, 30, 30, 31, 32.
B. 25.2, 23, 25
C. 25.2, 25, 23
A. 23, 25, 32
B. 25.2, 23, 25
C. 25.2, 25, 23
Correct Answer: C
User Contributed Comments 9
User | Comment |
---|---|
zuke | Always find the mode first as it is the easiest to spot. |
rainatt | useful tip! |
surob | I did find a mode and it helped to exclude all calculations. |
8thlegend | wasted another 10 mins of my life by doing all calculation instead of looking for mode |
quichoad | LOL @ 8thlegend |
gulfa99 | well done legend..atleast u got the answer right :) |
2014 | what if mode is placed first in answer sequene but last in question. Do we would get such type of question. |
abs013 | Did the same thing look for the mode lol. How can we solve this with the calculator? |
choas69 | was trying to check if 2nd insert data 2nd stat will show mode and median too but it only shows the mean, dont waste your time. |