Free CFA Level I Flashcards

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Calculate quantiles and interpret related visualizations.

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Quantile is the general term for a value at or below which lies a stated proportion of the data in a distribution. Examples of quantiles include the following:

  • Quartile: The distribution is divided into quarters.
  • Quintile: The distribution is divided into fifths.
  • Decile: The distribution is divided into tenths.
  • Percentile: The distribution is divided into hundredths (percentages).

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