CFA Practice Question

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CFA Practice Question

Consider the following data: 1, 7, 3, 3, 6, 4

The mean and median for this data are ______.
A. 4.8 and 3
B. 4 and 3 1/2
C. 4 and 3 1/3
Explanation: Mean = (1+7+3+3+6+4)/6 = 4
Data arranged in ascending order: 1,3,3,4,6,7
Median = (3+4)/2 = 3.5

User Contributed Comments 2

User Comment
surob Calculating median is enough in this question, because there is only one option with median of 3.5
Daddykay Correct, but to be on a safe side it would be good to do both. Imagine you missed out on the median, u risk not getting the anser right.
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