- 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
CFA Practice Question
If a probability distribution is very similar to a normal distribution, then the kurtosis is best described as ______.
A. leptokurtic
B. mesokurtic
C. platykurtic
Explanation: Normal distributions are mesokurtic. Leptokurtic distributions are more peaked than normal distributions while platykurtic distributions are less peaked than normal distributions.
User Contributed Comments 0
You need to log in first to add your comment.