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CFA Level 1 Exam

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Question No. 1

In computing skewness, which of the following is true?

I. It uses the cubed deviation from the mean.

II. It raises the deviation from the mean to the third power.

III. The formula preserves the direction of the deviation.

Choose the correct option from the given list.

I and III

II and III

I, II, and III

None of these answers is correct.

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