CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

If a frequency distribution has open-ended intervals at its extremes, which measure of central tendency is the most difficult to estimate?
A. Mean
B. Median
C. Mode
Explanation: The mean measurement is the most difficult to estimate because in a frequency distribution we do not necessarily know what the extreme values are (especially in an open-ended class). Therefore, the mean which is very sensitive to extreme values will be difficult to determine.

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User Comment
mc25456 If a frequency distribution has open-ended intervals at the extremes, mean is the most difficult to estimate.
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