5. Annual volatility for a particular company share is 32%. Assuming 256 days in a year, what is the daily volatility likely to be?

6. I am examining two investment strategies, both of which promise annual returns of 10% and annual volatilities of 15%. Strategy 1 has a skewness of -0.8, while Strategy 2 has a skewness of +0.3. As a risk-averse investor, which strategy should I choose?
	Strategy 1
	Strategy 2

7. For a positively skewed distribution, the arithmetic mean usually lies above the median.
	True
	False