Free CFA Level I Flashcards

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Interpret skewness.


Skewness describes the degree to which a distribution is not symmetric about its mean. A right-skewed distribution has positive skewness. A left-skewed distribution has negative skewness.

For a positively skewed, unimodal distribution, the mean is greater than the median, which is greater than the mode..

For a negatively skewed, unimodal distribution, the mean is less than the median, which is less than the mode.

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