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Free CFA-Level-I Exam Braindumps (page: 139)

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PDF with 3963 Questions

Which of the following is/are true?

  1. There are as many values above the median as below it.
    II. The sum of the differences between the observations in a sample and the median of the sample equals zero.
    III. The median is greatly affected by "outliers."
    IV. A sample has a unique median.
  2. II & IV
  3. I, II & IV
  4. I only
  5. II only
  6. I & IV
  7. III only
  8. IV only
  9. I, III & IV

Answer(s): E

Explanation:

By definition, there are as many values above the median as below it. Each sample has a unique median. (II) and (III) hold for the mean, not for the median.



If you deposit $150 a month, beginning next month, for 20 years into an account paying 6% per year, compounded monthly, how much is in your account after the last deposit?

  1. $70,343.82
  2. $48,833.09
  3. $49,904.67
  4. $143,582.01
  5. $69,306.13

Answer(s): E

Explanation:

On the BAII Plus, press 240 N, 6 divide 12 = I/Y, 0 PV, 150 PMT, CPT FV. On the HP12C, press 240 n, 6 ENTER 12 divide i, 0 PV, 150 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.



A cumulative frequency distribution on days absent during a calendar year by employees of a manufacturing company is shown below.

Days AbsentCumulative Number of Employees
0 - 260
3 - 531
6 - 814
9 - 116
12 - 142

How many employees were absent fewer than six days?

  1. 60
  2. 91
  3. 46
  4. 31
  5. None of these answers

Answer(s): C

Explanation:

This is the difference between the cumulative numbers for the 0-2 group and the 6-8 group, 60 - 14 = 46. There are 46 people between those two groups and they were absent fewer than six days.



A perpetuity of $5,000 a year is priced at $40,000. The annual discount rate is:

  1. 12.5%
  2. 13.1%
  3. 11.8%
  4. 12.75%

Answer(s): A

Explanation:

If r is the discount rate, then 40,000 = 5,000/r, giving r = 12.5%






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