11. The table below summarizes the performance data for three portfolios:

Portfolio | Arithmetic mean return(%) | Variance of (%) |

Portfolio A | 16.4% | 4.9% |

Portfolio B | 12.6% | 3.5% |

Portfolio C | 14.8% | 4.2% |

12. A distribution more peaked than the normal distribution is best described as being:

- Option : C
- Explanation : Leptokurtic describes a distribution that is more peaked than the normal distribution. Platykurtic is a distribution less peaked than a normal distribution. Mesokurtic is a distribution as peaked as the normal distribution.

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- Option : C
- Explanation : A positively skewed distribution has frequent small losses and a few large gains. A negatively skewed distribution has frequent small gains and a few large losses. A normal distribution is symmetrical.

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15. Which of the following relationships best characterize a negatively skewed distribution?

- Option : A
- Explanation : For a negatively skewed distribution, the mean is less than the median, which is less than the mode.

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