2008 CFA Level 1 － Sample 样题(2)－Q10 style, black, class

bingning

10、Compared to a normal distribution, a lognormal distribution is least likely to be:

A. skewed to the left.

B. skewed to the right.

C. useful in describing the distribution of stock prices.

D. useful in describing the distribution of portfolio values.

[此贴子已经被作者于2008-11-7 13:50:05编辑过]

bingning

10、Compared to a normal distribution, a lognormal distribution is least likely to be:

A. skewed to the left.

B. skewed to the right.

C. useful in describing the distribution of stock prices.

D. useful in describing the distribution of portfolio values.

  
Correct answer = A

"Common Probability Distributions," Richard A. Defusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkel
2008 Modular Level I, Vol. 1, pp. 400-403
Study Session 3-9-j
explain the relationship between normal and lognormal distributions and why the lognormal distribution is used to model asset prices
The lognormal distribution is bounded by zero and thus skewed to the right. 

fatiger

k

oleander

a

刀剑如梦

非常感谢1

isaisaisa

a

robinlu

A

leeh

up

tannyyu

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vivivin

re