Question：

For a positively skewed unimodal distribution, which of the following measures is most accurately described as the largest? 
A. Median 
B. Mean
C. Mode

Answer = B 
For a positively skewed unimodal distribution, the mode is less than the median, which is less than the mean. 

CFA Level I 
"Statistical Concepts and Market Returns," Richard A. DeFusco, Dennis W. McLeavey, Jerald E. 
Pinto, and David E. Runkle 
Section 8 

 

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