Test Prep CFA® Level I Chartered Financial Analyst CFA-Level-I Dumps in PDF

Free Test Prep CFA-Level-I Real Questions (page: 117)

Past experience of a large manufacturing firm with administering a test to recent college graduates who had applied for a job revealed that the mean test score was 500, and the standard deviation was 50. The distribution of the test scores was normal. Based on this experience, management is considering placing a person whose scores is in the upper 6 percent of the distribution directly into a responsible position. What is the lowest score a college graduate must earn to qualify for a responsible position?

  1. None of these answers
  2. 460
  3. 625
  4. 578
  5. 50

Answer(s): D

Explanation:

Find the z value representing 44% of the area under the curve. From the z tables, z = 1.55. Using z = (x-u)/ sigma. 1.55 = (x-500)/50. x = 577.5



You are examining a portfolio composed of 33% money-market investments, 9.5% bonds, and 57.5% stocks. Last year, the return on the money-market investments was 4%; the return on bonds was 9%, and the return on stocks was -11%. What is the contribution of stocks toward the portfolio weighted average return?

  1. -57.50%.
  2. -11.00%.
  3. -4.15%.
  4. -6.325%.

Answer(s): D

Explanation:

The portfolio weighted-average mean return is equal to the sum (as i goes from 1 to n) of w_i * X_i, where w_i is the percentage weight in the portfolio of the ith asset, and X_i is the investment return of the ith asset. The contribution of any asset will equal its weight in the portfolio times its return. Here, we get 0.575 * -0.11 = - 6.325%.



When comparing the riskiness of investments with different expected returns, one must use ________.

  1. none of these answers
  2. skewness
  3. the coefficient of variation
  4. the standard deviation
  5. kurtosis

Answer(s): C

Explanation:

The coefficient of variation equals the ratio of the standard deviation to the mean. Thus, it standardizes the variation in the returns in terms of the expected values.



What annual interest rate, compounded annually, would cause a series of 20 deposits of $500 to accumulate to $18,000, if the first deposit is made one year from today?

  1. 6.15%
  2. 4.94%
  3. 7.25%
  4. 2.78%
  5. 5.80%

Answer(s): E

Explanation:

On the BAII Plus, press 20 N, 0 PV, 500 PMT, 18000 +/- FV, CPT I/Y. On the HP12C, press 20 n, 0 PV, 500 PMT, 18000 CHS FV, i.



The heights of the five members in a family have been measured and found to be (in centimeters):
146, 162, 165, 187, 152
The range and the mean deviation of the heights are:

  1. 41, 46.9
  2. 41, 54.4
  3. 41, 10.9
  4. 49, 61.8

Answer(s): C

Explanation:

range = maximum value - minimum value = 187 - 146 = 41 centimeters. To calculate the mean deviation, you have to first calculate the mean. The mean equals (146 + 162 + 165 + 187 + 152)/5 = 162.4. The total deviation is abs(146-162.4) + abs(162-162.4) + abs(165-162.4) + abs(187-162.4) + abs(152-162.4) = 16.4 + 0.4 + 2.6 + 24.6 + 10.4 = 54.4. Therefore, MD = 54.4/5 = 10.88.



Share your comments for Test Prep CFA-Level-I exam with other users:

T
Tanuj Rana
7/22/2023 2:33:00 AM

please upload the question dump for professional machinelearning

F
Future practitioner
8/10/2023 1:26:00 PM

question 4 answer is c. this site shows the correct answer as b. "adopt a consumption model" is clearly a cost optimization design principle. looks like im done using this site to study!!!

A
Ace
8/3/2023 10:37:00 AM

number 52 answer is d

N
Nathan
12/17/2023 12:04:00 PM

just started preparing for my exam , and this site is so much help

C
Corey
12/29/2023 5:06:00 PM

question 35 is incorrect, the correct answer is c, it even states so: explanation: when a vm is infected with ransomware, you should not restore the vm to the infected vm. this is because the ransomware will still be present on the vm, and it will encrypt the files again. you should also not restore the vm to any vm within the companys subscription. this is because the ransomware could spread to other vms in the subscription. the best way to restore a vm that is infected with ransomware is to restore it to a new azure vm. this will ensure that the ransomware is not present on the new vm.

R
Rajender
10/18/2023 3:54:00 AM

i would like to take psm1 exam.

B
Blessious Phiri
8/14/2023 9:53:00 AM

cbd and pdb are key to the database

A
Alkaed
10/19/2022 10:41:00 AM

the purchase and download process is very much streamlined. the xengine application is very nice and user-friendly but there is always room for improvement.

D
Dave Gregen
9/4/2023 3:17:00 PM

please upload p_sapea_2023

S
Sarah
6/13/2023 1:42:00 PM

anyone use this? the question dont seem to follow other formats and terminology i have been studying im getting worried

S
Shuv
10/3/2023 8:19:00 AM

good questions

R
Reb974
8/5/2023 1:44:00 AM

hello are these questions valid for ms-102

M
Mchal
7/20/2023 3:38:00 AM

some questions are wrongly answered but its good nonetheless

S
Sonbir
8/8/2023 1:04:00 PM

how to get system serial number using intune

M
Manju
10/19/2023 1:19:00 PM

is it really helpful to pass the exam

L
LeAnne Hair
8/24/2023 12:47:00 PM

#229 in incorrect - all the customers require an annual review

A
Abdul SK
9/28/2023 11:42:00 PM

kindy upload

A
Aderonke
10/23/2023 12:53:00 PM

fantastic assessment on psm 1

S
SAJI
7/20/2023 2:51:00 AM

56 question correct answer a,b

R
Raj Kumar
10/23/2023 8:52:00 PM

thank you for providing the q bank

P
piyush keshari
7/7/2023 9:46:00 PM

true quesstions

B
B.A.J
11/6/2023 7:01:00 AM

i can´t believe ms asks things like this, seems to be only marketing material.

G
Guss
5/23/2023 12:28:00 PM

hi, could you please add the last update of ns0-527

R
Rond65
8/22/2023 4:39:00 PM

question #3 refers to vnet4 and vnet5. however, there is no vnet5 listed in the case study (testlet 2).

C
Cheers
12/13/2023 9:55:00 AM

sometimes it may be good some times it may be

S
Sumita Bose
7/21/2023 1:01:00 AM

qs 4 answer seems wrong- please check

A
Amit
9/7/2023 12:53:00 AM

very detailed explanation !

F
FisherGirl
5/16/2022 10:36:00 PM

the interactive nature of the test engine application makes the preparation process less boring.

C
Chiranthaka
9/20/2023 11:15:00 AM

very useful.

S
SK
7/15/2023 3:51:00 AM

complete question dump should be made available for practice.

G
Gamerrr420
5/25/2022 9:38:00 PM

i just passed my first exam. i got 2 exam dumps as part of the 50% sale. my second exam is under work. once i write that exam i report my result. but so far i am confident.

K
Kudu hgeur
9/21/2023 5:58:00 PM

nice create dewey stefen

A
Anorag
9/6/2023 9:24:00 AM

i just wrote this exam and it is still valid. the questions are exactly the same but there are about 4 or 5 questions that are answered incorrectly. so watch out for those. best of luck with your exam.

N
Nathan
1/10/2023 3:54:00 PM

passed my exam today. this is a good start to 2023.

AI Tutor 👋 I’m here to help!