- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 7. Statistical Concepts and Market Returns
- Subject 10. Kurtosis in Return Distributions

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**CFA Practice Question**

A coefficient of skewness of +2.48 indicates:

II. a large positive skewness

III. the tail of the distribution is to the right

I. the mean is larger than the median

II. a large positive skewness

III. the tail of the distribution is to the right

A. I and III

B. II and III

C. I, II and III

**Explanation:**In a positively skewed distribution, the mean is greater than the median or mode. The coefficient of skewness (Sk) generally lies between -3 and +3. Therefore, a Sk of +2.48 indicates significant positive skewness.

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