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Free CFA-Level-I Exam Braindumps (page: 257)

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PDF with 3963 Questions

Production of passenger cars in Japan increased from 3.94 million in 1986 to 6.74 million in 1994. What is the geometric mean annual percent increase?

  1. 16.6
  2. 1.9
  3. 4.0
  4. 47.3
  5. 6.9

Answer(s): E

Explanation:

There are 9 years involved. The geometric mean = [(1 + 6.74/3.94)^1/8] - 1. In words, it is the 8th square root of (1 + 6.74/3.94) minus 1. So we have GM = (1 + 1.7107)^(1/8) - 1 = 0.069 = 6.9%



A very small p-value calculated in a sample implies that:

  1. the null hypothesis should be rejected.
  2. the null hypothesis is very likely true.
  3. the alternate hypothesis is very likely false.
  4. the null hypothesis should be accepted.

Answer(s): A

Explanation:

The lowest significance level at which the null hypothesis can be rejected is called the p-value of the test. Thus, if the p-value is less than the significance level, the null hypothesis can be rejected at that significance level.



The results of the regressions using 200 observation on a variable Y against X are as follows:

Coefficient Standard error
intercept 3.62.1
slope 8.11.3

R square = 49%

If an observation on X indicates X = 5 the estimated value of Y would be ________.

  1. 44.1
  2. none of these answers
  3. 26.1
  4. 40.5

Answer(s): A

Explanation:

From the information given, the regression equation is Y = 3.6 + 8.1X + error term. The expected value of the error is zero. Hence, when X = 5, the estimated value of Y equals 3.6 + 8.1*5 = 44.1.



How much must you deposit today if you wish to have $50,000 in 20 years, assuming that interest accumulates at 6% per year, compounded annually?

  1. $2,500.00
  2. $160,356.77
  3. $12,299.08
  4. $16,604.73
  5. $15,590.24

Answer(s): E

Explanation:

On the BAII Plus, press 20 N, 6 I/Y, 0 PMT, 50000 FV, CPT PV. On the HP12C, press 20 n, 6 i, 0 PMT, 50000 FV, PV. Note that the answer is displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.






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