QUESTION 13

1. Security A has the following returns over four years: 4%, 7%, 0%, and -1%. What is the mean return and the standard deviation (sample) for Security A?

   		a. Mean of 2.5% and standard deviation of 3.2%.
   		b. Mean of 2.5% and standard deviation of 3.7%.
   		c. Mean of 4% and standard deviation of 3.2%.
   		d. Mean of 4% and standard deviation of 3.7%.

QUESTION 14

1. Which of the following is incorrect about the shape of distributions?

   		a. Kurtosis is a measure of whether the data are heavy or light-tailed relative to a normal distribution.
   		b. A distribution that is more peaked than normal is leptokurtic.
   		c. Skewness is a measure of the lack of symmetry for a data set.
   		d. All of the above are correct.