Page 57 - FINAL CFA I SLIDES JUNE 2019 DAY 2
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LOS 8.g: Calculate and interpret 1) a Session Unit 2:
range and a mean absolute deviation and 8. Statistical Concepts and Market Returns
2) the variance and standard deviation of a
population and of a sample.
Example: Assume that the 5-year annualized total returns for the five investment managers used in the preceding
examples represent only a sample of the managers at a large investment firm. What is the sample variance of these
returns?
