The Comparison Universe Is _________

question 48

Multiple Choice

The comparison universe is _________.

• A) a concept found only in astronomy
• B) the set of all mutual funds in the world
• C) the set of all mutual funds in the U.S.
• D) a set of mutual funds with similar risk characteristics to your mutual fund
• E) none of these

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Definitions:

Class Interval

A range of values in a dataset that is grouped together for the purpose of constructing a frequency distribution or histogram.

Frequency Distribution

A summary of data showing the number (frequency) of observations in each of several non-overlapping categories or bins.

Cumulative Frequency

A count of the number of occurrences that fall within certain class intervals or categories, accumulated from the beginning of a set of data up to each point.