CFA Level 1 Exam

3959 Questions

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Question No. 1

Which of the following is/are true?

I. The mean of a sample represents its average value.
II. The median can only be calculated if the sample contains an odd number of values.
III. The mode is not affected by extreme outliers in the data.
IV. For samples with an even number of data points, the mode is preferable to the median as a measure of central tendency.
Choose the correct option from the given list.
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