Session:13 Statistical Analysis in Finance
Review Questions
Principles of Finance | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-finance
1. Explain the considerations that determine whether the mean or the median is the best measure of central
tendency for a data set.
414 13 • Review Questions
Access for free at openstax.org
2. Explain the difference between a mean and a weighted mean.
3. Explain why the standard deviation of a data set cannot be a negative value.
4. Explain what a negative z-score, a positive z-score, and a z-score of zero imply.
5. Explain how quartiles can be used to detect outliers in a data set.
tendency for a data set.
414 13 • Review Questions
Access for free at openstax.org
2. Explain the difference between a mean and a weighted mean.
3. Explain why the standard deviation of a data set cannot be a negative value.
4. Explain what a negative z-score, a positive z-score, and a z-score of zero imply.
5. Explain how quartiles can be used to detect outliers in a data set.