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Free CFA-Level-I Exam Braindumps (page: 118)

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PDF with 3963 Questions

Given the following points: (-2, 0), (-1,0), (0,1), (1, 1) and (2, 3)

What is the critical value necessary to determine a confidence interval for a 90% level of confidence?

  1. 1.638
  2. 1.533
  3. None of these answers
  4. 2.132
  5. 2.353

Answer(s): E

Explanation:

Look at the t tables for n-2 degrees of freedom at the 10% level. Here, we look for a two tailed test with 5-2 = 3 degrees of freedom. This is 2.353.



A coefficient of skewness of +2.48 indicates:

  1. all of these answers are correct
  2. the mean is larger than the median
  3. the tail of the distribution is to the right
  4. none of these answers are correct
  5. a large positive skewness

Answer(s): A

Explanation:

In a positively skewed distribution, the mean is greater than the median or mode. The coefficient of skewness (Sk) generally lies between -3 and +3, therefore an Sk of +2.48 indicates significant positive skewness.



If you deposit $250 a month, beginning next month, for 20 years into an account paying 7% per year, compounded monthly, how much is in your account after that last deposit?

  1. $58,205.58
  2. $308,663.09
  3. $148,833.09
  4. $147,577.02
  5. $130,231.66

Answer(s): E

Explanation:

On the BAII Plus, press 240 N, 7 divide 12 = I/Y, 0 PV, 250 PMT, CPT FV. On the HP12C, press 240 n, 7 ENTER 12 divide i, 0 PV, 250 PMT, FV. On the BAII Plus, make sure the value of P/Y is set to 1. Note that the answer is displayed as a negative number.



If you deposit $100 a month, beginning next month, for 8 years into an account paying 6% per year, compounded monthly, how much is in your account after that last deposit?

  1. $13,678.56
  2. $12,282.85
  3. $9,600.00
  4. $12,097.91
  5. $23,585,957

Answer(s): B

Explanation:

On the BAII Plus, press 96 N, 6 divide 12 = I/Y, 0 PV, 100 PMT, CPT FV. On the HP12C, press 96 n, 6 ENTER 12 divide i, 0 PV, 100 PMT, FV. On the BAII Plus, make sure the value of P/Y is set to 1. Note that the answer is displayed as a negative number.






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