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Please explain the following characteristics of a normal distribution: a ) skewness; b ) kurtosis; c ) fat - tails. Also, please answer: d )

Please explain the following characteristics of a normal distribution: a

)

skewness; b

)

kurtosis; c

)

fat

-

tails.

Also, please answer: d

)

why do

fat

-

tails

matter to investors?

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