NO.PZ2018062001000003
问题如下:
The characteristic of a return distribution is frequent small gains and several extreme losses. Which of the following options is correct?
选项:
A. The distribution has a positive skewness, and the mean is greater than the median.
B. The distribution has a negative skewness, and the mean is smaller than the median.
C. The distribution has a positive skewness, and the mean is smaller than the median.
解释:
We define that a distribution with frequent small gains and a few extreme losses is a negative-skewed distribution.
The characteristics of a negative skewed distribution are:
- long tail on the left side and;
- mode > median > mean