Figure below plots the distribution of three asset classes A, B and C. What do the first two moments of a distribution, mean and variance, represent? Compare the first two moments across all assets. The second figure plots the distribution of asset A and a normal distribution with similar mean and variance. What does skewness represent and compare A's skewness with that of a normal distribution.

1. Figure below plots the distribution of three asset classes A, B and C. What do the first two moments of a distribution, mean and variance, represent? Compare the first two moments across all assets. The second figure plots the distribution of asset A and a normal distribution with similar mean and variance. What does skewness represent and compare A's skewness with that of a normal distribution. 0.35 0.3 0.25 0.2 0.15 0.05 . A .35 Normal 0.3 0.25 0.2 0.15