- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 3. Statistical Measures of Asset Returns
- Subject 3. Measures of Shape of a Distribution
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.
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