- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 3. Statistical Measures of Asset Returns
- Subject 2. Measures of Dispersion

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**CFA Practice Question**

The

*least*accurate statement about measures of dispersion for a distribution is that the ______A. arithmetic average of the deviations around the mean will always be equal to one.

B. mean absolute deviation will always be less than or equal to the standard deviation.

C. range provides no information about the shape of the data distribution.

**Explanation:**The arithmetic average of the deviations around the mean will always equal zero, not one.

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