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IFoA_CAA_M0 Exam - Topic 1 Question 20 Discussion

Posted by Renea on May 05, 2022 at 11:15 AM

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.

Suggested Answer: B

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11 comments · newest first
EM
Emilio 11 months ago
Yup, that’s how it works!
OM
Omega 12 months ago
I think the range is just max - min, right?
MI
Mindy 12 months ago
Wait, are we sure about those images? They look off.
MA
Maia 12 months ago
Totally agree, those positions are key for IQR!
NI
Nieves 1 year ago
First quartile is at 25%, third quartile at 75%.
JA
Jacqueline 1 year ago
I think the range is just the maximum minus the minimum, but I need to double-check how to find those values from the quartiles given.
TO
Tony 1 year ago
I feel like I might confuse the positions of the quartiles. Is it Q1 at n/4 and Q3 at 3n/4? I hope I remember that correctly!
AN
Anglea 1 year ago
I remember we talked about calculating the range and interquartile range in class, but I'm a bit unsure about how to apply it to this specific dataset.
FL
Fletcher 1 year ago
This question seems similar to one we practiced last week. I think we just need to find the first and third quartiles and then subtract them for the IQR.
LE
Lera 1 year ago
Using Lightning Web Components for every interface seems like overkill. I'd recommend the user-centered design approach to really get to the root of the problem.
BR
Brianne 1 year ago
I think the key here is that the legacy billing system is being extended to add a SOAP endpoint. So I'd say Apex REST is the way to go, as it can directly consume the SOAP data.
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