Valid CFA-Level-I Dumps shared by ExamDiscuss.com for Helping Passing CFA-Level-I Exam! ExamDiscuss.com now offer the newest CFA-Level-I exam dumps, the ExamDiscuss.com CFA-Level-I exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com CFA-Level-I dumps with Test Engine here:
Suppose that four different portfolios have produced the following returns over the past year: 10%, 3 0%, 5% and 15%. I). The mean return is 15%. II). The range is 25%. III). The mean absolute deviation is 7.5%. 2 IV). The variance is 87.5% . V. The standard deviation is 9.354%. Which statement(s) is/are FALSE?
Correct Answer: C
All the statements were true and can be computed as follows: Mean return = (10 + 30 + 5 + 15) / 4 = 15%. Range is 30 - 5 = 25%. Mean absolute deviation (MAD) =[ |10 - 15| + | 30 - 15 | + | 5 - 15 | + | 15 - 15 |] / 4 = 7.5%. 2 2 2 2 2 2 Variance s = [(10 -15) + (30 -15) + (5 -15) + (15 -15) ] / 4 = 87.5% . 0.5 Standard deviation is (87.5%) = 9.354%.