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Free CFA-Level-I Exam Braindumps (page: 162)

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PDF with 3963 Questions

The sampling method in which a sample is selected by first dividing the population into groups and then selecting members from each group is known as:

  1. simple random sampling.
  2. stratified random sampling.
  3. cluster sampling.
  4. systematic random sampling.

Answer(s): B

Explanation:

The population is divided into strata or subcategories and a sample is randomly selected from each strata.



What monthly payment is required over the next 48 months to pay off a $10,000 debt today, if interest is

charged at 14% per year, compounded monthly?

  1. $366.67
  2. $250.54
  3. $104.54
  4. $273.26
  5. $116.02

Answer(s): D

Explanation:

On the BAII Plus, press 48 N, 14 divide 12 = I/Y, 10000 PV, 0 FV, CPT PMT. On the HP12C, press 48 n, 14 ENTER 12 divide i, 10000 PV, 0 FV, PMT. Make sure the BAII Plus has the P/Y value set to 1.



If alpha = .05, what is the probability of making a Type I error?

  1. None of these answers
  2. 20/20
  3. 0
  4. 19/20
  5. 1/20

Answer(s): E

Explanation:

Alpha is the probability of committing a type I error. So 0.05 = 1/20.



What is the annual Internal Rate of Return of this series of annual cash flows: Year 0: <$15,000>, Year 1:
$8,000, Year 2: $8,000, Year 3: $1,000, Year 4: $4,000 (Note that the <> are used to indicate a negative number).

  1. 16.61%
  2. 17.12%
  3. 18.83%
  4. 15.55%
  5. 13.74%

Answer(s): C

Explanation:

On the BAII Plus, press CF 2nd CLRWork 15000 +/- ENTER DownArrow 8000 ENTER DownArrow DownArrow 8000 ENTER DownArrow DownArrow 1000 ENTER DownArrow DownArrow 4000 ENTER DownArrow DownArrow 2nd Quit. Then press Irr CPT. On the HP12C, press these keys: 15000 CHS BlueShift CFo 8000 BlueShift CFj 8000 BlueShift CFj 1000 BlueShift CFj 4000 BlueShift CFj. Then press YellowShift Irr. The "DownArrow" represents the downward-pointing arrow on the top row of the BAII Plus keyboard. Make sure the BAII Plus has the P/Y value set to 1.






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