Most Difficult Measure of Central Tendency in Open-Ended Frequency Distributions | CFA Level 1 Exam

Most Difficult Measure of Central Tendency in Open-Ended Frequency Distributions

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Question

If a frequency distribution has open-ended intervals at the extremes, which measure of central tendency is the most difficult to estimate?

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A. B. C. D. E.

Explanation

This is so since in a frequency distribution we do not necessarily know what the extreme values are especially in an open ended class. Therefore, the mean, which is very sensitive to extreme values will be difficult to determine.