- 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
Complete this sentence: "The kth percentile of a given distribution is ______."
A. the score at which k% of the cases fall
B. the score above which k% of the cases fall
C. the score below which k% of the cases fall
User Contributed Comments 4
| User | Comment |
|---|---|
| Doug | Can someone please explain this? thank you |
| sevaa1 | Imagine a bell curve. The score you're looking for is always below the curve. This is the way t and z-scores are calculated. (SS3) |
| maria15 | Thanks Sevaa1 |
| farhan92 | the Global CFA Ranking used on this site. Basically shows you the percentage of people below you (in terms of rightt answers) |