IFoA Exam IFoA_CAA_M0 Topic 3 Question 71 Discussion

Actual exam question for IFoA's IFoA_CAA_M0 exam

Question #: 71
Topic #: 3

[All IFoA_CAA_M0 Questions]

Identify which of the following statements aretrue.

1. Skewness measures how peaked a set of data is.

2. Skewness is a measure of asymmetry of the distribution of the data about its mean.

3. For a symmetrically distributed data, the mean equals the median but not necessarily the mode.

4. The value of a measure of skewness can be positive, zero or negative.

AI and II

BII and IV

CI and III

DII, III and IV

Show Suggested Answer

Suggested Answer: D

by Clemencia at Sep 18, 2024, 08:32 AM

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Margarett

5 days ago

I think I'll go with option B. Statements 2 and 4 make the most sense to me. The whole 'peaked' thing in statement 1 is a bit confusing.

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Tiera

8 days ago

Statement 2 is definitely true, but I'm not sure about the others. Skewness is all about the asymmetry of the data distribution, so that one is a no-brainer.

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Merilyn

15 days ago

I believe statement 3 is also true, so the answer should be C.

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Nieves

16 days ago

I agree with you, skewness does measure asymmetry.

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Rasheeda

20 days ago

I think statement 1 and 2 are true.

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