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Basic Question 2 of 9
Returns are, in fact, not normally distributed. This means that the ______
II. returns are not symmetrical around the mean.
III. returns' distribution can be defined by mean and variance only.
I. returns are skewed.
II. returns are not symmetrical around the mean.
III. returns' distribution can be defined by mean and variance only.
User Contributed Comments 1
| User | Comment |
|---|---|
| angusmyers | I don't know if i agree with this... you could hypothetically have a uniform distribution on returns (satisfying the non 'normal distribution') but a uniform distribution is not skewed left or right? Could the same be said for a bimodal distribution? Hence I think only II should be the correct answer. Thoughts? |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe characteristics of the major asset classes that investors consider in forming portfolios
CFA® 2025 Level I Curriculum, Volume 2, Module 1.