CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

The total return for utilities stock mutual funds has a mean of 10.5% and a sample relative skewness of Sk = -2.5. Based on this information, which of the following statements is true?
A. The median of the distribution is less than or equal to 10.5%.
B. The median of the distribution greater than 10.5%.
C. The distribution is mesokurtic.
Explanation: Since the distribution is negatively skewed (Sk = -2.5 < 0), the mean is less than the median, so the median of the distribution must be greater than 10.5%.

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