Descriptive Statisticsmedium
0:00.0
Two datasets represent annual returns:
- Fund X: mean return = $8,000, median = $8,200, median absolute deviation (MAD) = $500
- Fund Y: mean return = $8,000, median = $7,600, MAD = $800
Which statement(s) is/are TRUE? (Select all that apply)
I. Both funds have the same central tendency (mean)
II. Fund X's median > mean suggests some negative outliers pull the mean down
III. Fund Y is more spread out around the median
IV. Fund X's distribution is more resistant to outliers than Fund Y's
Two datasets represent annual returns:
- Fund X: mean return = $8,000, median = $8,200, median absolute deviation (MAD) = $500
- Fund Y: mean return = $8,000, median = $7,600, MAD = $800
Which statement(s) is/are TRUE? (Select all that apply)
I. Both funds have the same central tendency (mean) II. Fund X's median > mean suggests some negative outliers pull the mean down III. Fund Y is more spread out around the median IV. Fund X's distribution is more resistant to outliers than Fund Y's