IFoA Exam IFoA_CAA_M0 Topic 4 Question 76 Discussion

Actual exam question for IFoA's IFoA_CAA_M0 exam

Question #: 76
Topic #: 4

[All IFoA_CAA_M0 Questions]

Assuming the position of the first quartile of an appropriately ordered dataset is given by

and the position of the third quartile of an appropriately ordered dataset is given by

Calculatethe range and interquartile range of the above dataset.

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

Suggested Answer: B

by Shaunna at Nov 17, 2024, 01:19 PM

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Youlanda

24 hours ago

I'm pretty sure the answer is hidden in one of those secret messages from the Illuminati. Time to break out the tin foil hat and get to work!

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Stephaine

7 days ago

Wait, is this exam testing our math skills or our ability to decipher hieroglyphics? These formulas look like they were written by a secret society.

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Ivette

9 days ago

For the interquartile range, we subtract the first quartile from the third quartile.

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Lindy

16 days ago

I agree. The range is the difference between the maximum and minimum values.

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Francoise

22 days ago

I think we need to calculate the range and interquartile range.

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Leatha

22 days ago

The formulas for the first and third quartiles look pretty straightforward, but I'm not sure how to use them to calculate the range and interquartile range. I'll have to think this through carefully.

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Kati

22 hours ago

User 3: And to find the interquartile range, we subtract the first quartile from the third quartile.

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Yuki

3 days ago

User 2: So, to find the range, we subtract the minimum value from the maximum value of the dataset.

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Stefania

9 days ago

User 1: The first quartile is the median of the lower half of the data, and the third quartile is the median of the upper half.

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