- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 7. Statistical Concepts and Market Returns
- Subject 9. Symmetry and Skewness in Return Distributions

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**CFA Practice Question**

A distribution is positively skewed and the mean is known to be 75. Which of the following statements about the median is true?

B. The median is less than 75.

C. Nothing can be said about the value of the median.

A. The median is also 75.

B. The median is less than 75.

C. Nothing can be said about the value of the median.

Correct Answer: B

If the distribution is positively skewed, the median is less than the mean.

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