CFA Practice Question

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CFA Practice Question

True or False? If false, correct the percentage.

The 70th percentile of the distribution of a random variable, X, is an x-value which is exceeded by 70% of the population of X.
Correct Answer: False

The 70th percentile value is exceeded by 30% of the population.

User Contributed Comments 2

User Comment
surob 100%-70%=30%. So, 30% of the populations exceeds the rest of it.
StanleyMo Exceed by is the key word
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