- 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
On the same test, Tom scored in the 87th percentile, and Bill scored in the 73rd. This means ______.
A. Tom is 14% better than Bill.
B. Tom scored 14 more points than Bill.
C. 14% of those taking the test got scores ranging between Tom's and Bill's.
User Contributed Comments 3
| User | Comment |
|---|---|
| renataa | Can anyone help me to understand this? Why not A? |
| abstracfin | there is difference between percentile and Percentage. |
| wenhu | this is percentile not percentage, percentile specifies location |