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. | 
发表于 2008-6-19 15:44
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