- CFA Exams
- CFA Exam: Level I 2021
- Study Session 2. Quantitative Methods (1)
- Reading 7. Statistical Concepts and Market Returns
- Subject 5. Quartiles, Quintiles, Deciles, and Percentiles
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 |