CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

In what sense is the mean of any distribution the "best guess" of the score of any single individual selected at random from the group?

I. In a series of such guesses, the sum of the errors in one direction will balance the sum of the errors in the other direction.
II. The mean score will occur more often than any other single score.
III. The chances are 50-50 that any individual will be above or below the mean.
A. I only
B. II and III
C. I and II
Explanation: II and III are not necessarily true with distributions other than normal distributions.

User Contributed Comments 1

User Comment
migena For a normal distribution, mean=mode=median
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