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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.
The fourth quintile return for the MSCI World Index is closest to:
A. 20.65%.
B. 26.03%.
C. 27.37%.
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:每年交述职报告和年费but must not over promise the competency and future investment results.Case
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