QUESTION: 997

How much will $3,250 become after 6 years at 8% per year, compounded annually?

$5,298.66
$2,039.09
$2,048.05
$5,157.34
$5,180.00

Answer(s): D

Explanation:

On the BAII Plus, press 6 N, 8 I/Y, 3250 PV, 0 PMT, CPT FV. On the HP12C, press 6 n, 8 i, 3250 PV, 0 PMT, FV. Note that the answer will be displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.

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QUESTION: 998

What is the standard error of estimate?

Based on squared vertical deviations between Y and Y'
None of these answers
Measure of the accuracy of the prediction
Cannot be negative
All of these answers

Answer(s): E

Explanation:

All the descriptions are correct for the standard error of estimate.

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QUESTION: 999

What does a coefficient of correlation of 0.70 mean?

Coefficient of determination is 0.49
Almost no correlation because 0.70 is close to 1.0
70% of the variation in one variable is explained by the other
Coefficient of nondetermination is 0.30
None of these answers

Answer(s): A

Explanation:

The coefficient of correlation, r, is just the square root of the coefficient of determination r-squared.

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QUESTION: 1000

A bell-shaped, symmetrical frequency distribution has a mean of 45. If 95% of the observations on the variable fall between 30 and 60, the standard deviation of the variable is:

5.00
7.50
Insufficient information
15.0

Answer(s): B

Explanation:

95% of the observations in a bell-shaped, symmetrical frequency distribution lie within approximately 2 standard deviations of the mean. The standard deviation is then (45-30)/2 = 7.50.

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Free CFA-Level-I Exam Braindumps (page: 251)

QUESTION: 997

Explanation:

QUESTION: 998

Explanation:

QUESTION: 999

Explanation:

QUESTION: 1000

Explanation:

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