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Reading 7: Statistical Concepts and Market Returns - LOS i

Q2. If a distribution is positively skewed, then generally you could say:

A)     mean < median < mode.

B)     mean > median < mode.

C)     mean > median > mode.

Q3. In a positively skewed distribution, the:

A)   median equals the mean.

B)   mean is greater than the median.

C)   mean is less than the median.

 

Q4. In a negatively skewed distribution, what is the order (from lowest value to highest) for the distribution’s mode, mean, and median values?

A)   Median, mode, mean.

B)   Mean, median, mode.

C)   Mode, mean, median.

Q5. Consider the following graph of a distribution for the prices of various bottles of champagne.

Which of the following statements regarding the distribution is least accurate?

A)   The distribution is negatively skewed.

B)   The mean value will be less than the mode.

C)   Point A represents the mode.

Q6. In a normal distribution, the:

A)   mean is less than the mode.

B)   median equals the mode.

C)   mean is greater than the median.

Q7. A distribution with a mean that is less than its median most likely:

A)   is negatively skewed.

B)   is positively skewed.

C)   has negative excess kurtosis.

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