Statistical Concepts and Market Returns CFA Exam Level 1 Course Content Descriptive Vs. Inferential Statistics Types of Measurement Scales Parameter, Sample Statistic, and Frequency Distribution Relative Frequencies and Cumulative Relative Frequencies Properties of a Data Set (Histogram / Frequency Polygon) Measures of Central Tendency Calculating Arithmetic Mean Calculating Weighted Average Mean Calculating Geometric Mean Calculating Harmonic Mean Calculating Median and Mode of a Data Set Quartiles, Quintiles, Deciles, and Percentiles Range and Mean Absolute Deviation Variance and Standard Deviation Chebyshev’s Inequality Coefficient of Variation Sharpe Ratio Skewness and Kurtosis Relative Locations of Mean, Median and Mode