Which of the following statements about skewness and kurtosis is least accurate?
A) |
Positive values of kurtosis indicate a distribution that has fat tails. | |
B) |
Kurtosis is measured using deviations raised to the fourth power. | |
C) |
Values of relative skewness in excess of 0.5 in absolute value indicate large levels of skewness. | |
Positive values of kurtosis do not indicate a distribution that has fat tails. Positive values of excess kurtosis (kurtosis > 3) indicate fat tails. |