- 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
If we categorize investment funds into different styles and assign a number to each style, the most frequent investment fund style is the ______ of these categorized data.
A. mean
B. median
C. mode
Explanation: The mode is the only measure of central tendency that can be used with nominal data.
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