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Free CFA-Level-I Exam Braindumps (page: 263)

Page 262 of 991
PDF with 3963 Questions

How many years will it take money to double at 7.25% per year, compounded annually?

  1. 7.15 years
  2. 12.14 years
  3. 7.29 years
  4. 8.03 years
  5. 9.90 years

Answer(s): E

Explanation:

To solve this question, choose a future value that is twice the size of the present value. The actual number will not matter. On the BAII Plus, press 7.25 I/Y, 1000 PV, 0 PMT, 2000 +/- FV, CPT N. On the HP12C, press 7.25 i, 1000 PV, 0 PMT, 2000 CHS FV, n. Note that the HP12C will show 10 for the answer. The answer will be the same as long as the FV is twice as large as the PV. Make sure that the BAII Plus has the P/Y value set to 1.



Which of the following is/are true about a normal distribution?

  1. It has only one mode.
    II. It has a positive third moment.
    III. It is symmetrical about zero.
  2. III only
  3. I, II and III
  4. II only
  5. I & IV
  6. I only
  7. I & III

Answer(s): E

Explanation:

A normal distribution is symmetrical about the mean, which can be non-zero. It has a zero third moment (zero skewness).



An automobile manufacturer makes 2 different chassis, each of which can have 3 different body types and 8 colors. How many different looking cars can be made with these choices?

  1. 40.
  2. 24.
  3. 13.
  4. 48.

Answer(s): D

Explanation:

The multiplication rule of counting states that the number of combinations available when there are n_1 options in one aspect, n_2 in another, and so on, up to n_k, is n_1 * n_2 * ... * n_k. In this case, the number of combinations is 2*3*8 = 48.



A linear regression is ________ relationship.

  1. a causal
  2. an acausal
  3. a functional
  4. none of these answers

Answer(s): C

Explanation:

It is important to remember that a regression equation does not imply a causal relationship between the dependent and the independent variables. It simply postulates a functional i.e. an associative relationship between them.






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