- 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
A distribution of 6 scores has a median of 21. If the highest score increases 3 points, the median will become ______.
A. 21
B. 24
C. This cannot be determined without additional information.
Explanation: Median is not sensitive to the relative magnitude of the scores; it is determined by their rank ordering, which is not affected by this change.
User Contributed Comments 5
| User | Comment |
|---|---|
| vikramarjuna | What if all the values are equal and they are equal to 21..then the median will be 24..i think C is correct |
| lighty0770 | agree with vikramarjuna |
| Marinov | You are not correct because if all scores were equal there would be no "highest" score. |
| Lambo83 | if there are 6 scores in the original distribution and then another score (the highest score) then the number of observations increases to 7 so the median would change, albeit, by a small amount. C is correct |
| Dabuya | @Lambo83: but the number of scores is still 6, not 7. |