Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk
ServiceNow
All Vendors
  2. Home
  3. Exams
  4. Test Prep
  5. CFA-Level-I

Test Prep CFA-Level-I Exam Questions
CFA® Level I Chartered Financial Analyst (Page 103 )

Updated On: 24-Feb-2026
Page 103 of 793
PDF with 3963 Questions

A variable, W, is normally distributed with a mean of 12. 68% of its observations lie between 8 and 16. The coefficient of variation of W is ________.

  1. 0.66
  2. 1.5
  3. 3.0
  4. 0.33

Answer(s): D

Explanation:

For a normal distribution, 68% of the observations lie within one standard deviation of the mean. Hence, the standard deviation of X equals 12-8 = 4. The coefficient of variation is then equal to standard deviation/mean = 4/12 = 0.33.



If you buy an item and pay for it with 48 monthly payments of $75, beginning next month, what was the cash price today, if interest accrues at 13% per year, compounded monthly?

  1. $575.29
  2. $44.71
  3. $2,795.64
  4. $2,904.12
  5. $2,598.42

Answer(s): C

Explanation:

The cash price would be the present value of the payments made using the specified interest rate. On the BAII Plus, press 48 N, 13 divide 12 = I/Y, 75 PMT, 0 FV, CPT PV. On the HP12C, press 48 n, 13 ENTER 12 divide i, 75 PMT, 0 FV, PV. Note that the answer will be shown as a negative number. Make sure the BAII Plus has the P/Y value set to 1.



A histogram is best described as:

  1. a collection of frequency classes in which the raw data are arranged.
  2. a bar chart of relative frequencies.
  3. a scatter plot of the raw data on the X-Y plane.
  4. a visual representation of a frequency distribution.

Answer(s): D

Explanation:

A histogram is best described as a visual representation of a frequency distribution.



Samples of the wires coming off the production line were tested for tensile strength. The statistical results (in PSI) were:
Mean = 500
Median = 500
Mode = 500
Standard deviation = 40
Mean deviation = 32
Quartile deviation = 25
Range = 240
Number is sample = 100
The middle 95 percent of the wires tested between approximately what two values?

  1. 450 and 550
  2. 420 and 580
  3. 380 and 620
  4. 460 and 540
  5. None of these answers

Answer(s): B

Explanation:

95% of the observations lie between plus and minus two standard deviations from the mean, so it is 500 +/- 2 (40).



Theta Corp.'s stock is expected to appreciate 6% per year. If no dividends are paid out over the next 5 year and the current stock price is $28, what's the expected price in 5 years?

  1. $39.6
  2. $37.5
  3. $41.2
  4. $34.9

Answer(s): B

Explanation:

The expected price in 5 years is 28*(1.06^5) = 37.5






Post your Comments and Discuss Test Prep CFA-Level-I exam dumps with other Community members:

Join the CFA-Level-I Discussion