CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

Which of the following statements is not correct?
A. The sum of the absolute frequency is the total number of observations.
B. Frequency distributions do not work with ratio scales.
C. Each observation is contained in one and only one category.
Explanation: Frequency distributions are used to summarize rates of return. They do work with ratio scales. Frequency distributions can be used with any kind of measurement scale.

User Contributed Comments 3

User Comment
george2006 what about C? It didn't make sense either.
george2006 got it. Each observation can only fall into one category.
erikgoodge I don't understand what choice C means
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