Question
If comparing three projects' net profitability or returns with similar first to third moments, would you prefer a project that is leptokurtic, mesokurtic or platykurtic?
If comparing three projects' net profitability or returns with similar first to third moments, would you prefer a project that is leptokurtic, mesokurtic or platykurtic? Explain your reasoning with respect to a distribution's tail area. Under what conditions would your answer change?
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Calculus Early Transcendentals
Authors: Jon Rogawski, Colin Adams
3rd Edition
1319116450, 9781319116453
