Page 47 - FINAL CFA SLIDES JUNE 2019 DAY 2
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LOS 8.e: Calculate and interpret measures of Session Unit 2:
central tendency, including the population 8. Statistical Concepts and Market Returns
mean, sample mean, arithmetic mean, weighted
average or mean, geometric mean, harmonic
mean, median, and mode,
Characteristics/properties of AMs p.139?
• All interval and ratio data sets have an AM.
• All data values are considered and included in the computation.
• A data set has only one arithmetic mean (i.e., the AM is unique).
• The only MCT whose sum of the deviations of each observation from the mean is 0.
