- 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
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 |