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Quantiles
Quantile (or fractile) means a value at or below which a stated fraction of the data lies.
Quartiles divide the distribution into quarters, quintiles into fifths, deciles into tenths, and percentiles into hundredths.
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The fourth quintile return for the MSCI World Index is closest to:
A. 20.65%.
B. 26.03%.
C. 27.37%.
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298Quantiles:12.84:P75≈X5+5.25-5X6-X5=12.84+0.2513.6-12.84=13.03The fourth quintile is equivalent to the 80thP80 = 20.65 + 8.8 – 8 × 27.37 – 20.65 = 26.03%.
308Quantiles:Quartiles divide the distribution into quarters:B.C.27.37%.
265What are the responsibilities of the members in reference to the CFA Institute?:Once accepted as a member:每年交述職報告和年費but must not over promise the competency and future investment results.Case
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