- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 7. Statistical Concepts and Market Returns
- Subject 5. Quartiles, Quintiles, Deciles, and Percentiles

###
**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) |