IFoA Exam IFoA_CAA_M0 Topic 3 Question 71 Discussion

Identify which of the following statements aretrue.

1. Skewness measures how peaked a set of data is.

2. Skewness is a measure of asymmetry of the distribution of the data about its mean.

3. For a symmetrically distributed data, the mean equals the median but not necessarily the mode.

4. The value of a measure of skewness can be positive, zero or negative.