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Principles of Finance

Review Questions

Principles of FinanceReview Questions
1 .
Explain the considerations that determine whether the mean or the median is the best measure of central tendency for a data set.
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.
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