In a systematic random sampling method,
Answer(s): B
The population members are arranges in a systematic way, such as alphabetically or by date received. A random starting point is selected and then every Nth item is selected for inclusion in the random sample.
The mean, as a measure of central tendency would be inappropriate for which one of the following?
Answer(s): D
The answer to the question what is your marital status is usually yes or no, or some other status - divorced, widow etc. So we cannot take an average of non-ordinal observations.
Which is true of positively skewed distributions?
Answer(s): A
I and II are false. The correct statements for them would be: 1) positively skewed distributions have a limited, but frequent, downside, and 2) they have a less frequent, but more unlimited, upside. III is true.
What annual interest rate, compounded annually, will cause a deposit of $850 to become $1,475 in 10 years?
On the BAII Plus, press 10 N, 850 PV, 1475 +/- FV, 0 PMT, CPT I/Y. On the HP12C, press 10 n, 850 PV, 1475 CHS FV, 0 PMT, i. Make sure that the BAII Plus has the P/Y value set to 1.
A researcher has decided to create a frequency distribution using the following classes:30-45, 45-60, 60-75, 76 & over.The selection of this set involves which of the following?
Answer(s): E
Note that "76 & over" is an open-ended class. Also, the classes are overlapping (for e.g., the classes "30-45" and "45-60" have the point "45" in common).
Post your Comments and Discuss Test Prep CFA-Level-I exam prep with other Community members:
Our website is free, but we have to fight against AI bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the CFA-Level-I content, but please register or login to continue.