CFA一级押题 数量 打印版.docx

该【CFA一级押题 数量 打印版 】是由【经管专家】上传分享，文档一共【9】页，该文档可以免费在线阅读，需要了解更多关于【CFA一级押题 数量 打印版 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。-$75,000investedtodayatastatedannualinterestrateof7%compoundedquarterlyisclosestto:A.$112,.$113,.$113,-(PV)ofaninvestmentwiththefollowingyear-endcashflows(CF)anda12%requiredannualrateofreturnisclosestto:YearCashFlow(€)100,000125150,000–10,000A.€201,.€203,.€227,-€300annuallyforfiveyears,(PV)oftheinvestmentdiscountedata4%annualrateisclosestto:A.€1,.€1,.€1,-?&--(%)AbsoluteFrequency–––––––+++-9++?“–+”is20%.“++”is23%.“++”%.Q-:Year1Return(%)?(MAD)ofreturnsforthefundisclosestto:%.%.%.Q-,whichofthefollowingmeasuresismostaccuratelydescribedasthelargest?-,whichofthefollowingstatementsiscorrect?-’’-%.TheprobabilityofEventBis60%.ThejointprobabilityofABis40%.Theprobability(P)urs,ur,isclosestto:%.%.%.2-9Q-?A.-.--?-:-,acolleaguemakestheclaimthatbecauseofthecentrallimittheorem,ifwediversifyacrossalargenumberofinvestments,?-,welearnthatthepopulationcashflowtototaldebtratio(panies)?--capgrowthfund’smonthlyreturnsforthepast36monthshavebeen3-%.Whichofthefollowingbestdescribesthehypothesistobetested?:σ2≤%:σ2>6%:σ2≥%Q-,eaveraged$30millionperyearwithastandarddeviationof$10million(n=6observations).ManagementclaimsthatWillco’sperformanceduringthemostrecentcycleresultsfromnewapproachesandthatwecandismissprofitabilityexpectationsbasedonitsaverageornormalizedearningsof$---value?-----parametrictestofahypothesismostlikelybeused?4--:(whereFVisfuturevalueandPVispresentvalue):FV=PV(1+rs/m)mNFV6=$75,000(1+)(4×6)FV6=$113,,Timevalueofmoney,EARQ-:(€)100,000FormulaCF×(1+r)t100,000()–1150,000()–2–10,000()–5PVatYear089,,–5,,000–10,000203,,Timevalueofmoney,AnnuityQ-:(A)due:BGN:PMT=300,N=5,I/Y=4,FV=0,CPTPV=-€1,,or≈-€1,,Timevalueofmoney,AnnuityQ-:&P500Indexconsistsof500companies,,,-9Quantitativemethod,StatisticalConceptsandMarketReturns,MeasurementscalesQ-:,therelativefrequencyiscalculatedas:12/60=20%.Bisincorrectbecausetherelativefrequencyofthisintervalis23/60=%.Cisincorrectbecausethecumulativerelativefrequencyofthelastintervalmustequal100%.Quantitativemethod,StatisticalConceptsandMarketReturns,MeasuresofcentraltendencyQ-:(MAD)forasampleiscalculatedasfollows:Mean:=(?%+%+%+%+%)/5=%DeviationsfromMeanAbsoluteDeviation(%)|||||?%?%|%?%|%?%|%?%|%?%|=“n–1”inthedenominatoroftheformulaofMAD:%/(5-1)=%{[(?%?%)2+(%?%)2+(%?%)2+(%?%)2+(%?%)2]/(5-1)}=%.QuantitativeMethod,StatisticalConceptsandMarketReturns,AbsolutedispersionQ-:,themodeislessthanthemedian,,themodeislessthanthemedian,,themodeislessthanthemedian,-9QuantitativeMethod,StatisticalConceptsandMarketReturns,MeasuresofcentraltendencyQ-:,,StatisticalConceptsandMarketReturns,MeasuresofcentraltendencyQ-:(AorB)=P(A)+P(B)?P(AB)=+?=%.Aisincorrectbecauseitusesonlythejointprobabilityof40%=(×).Bisincorrect;,StatisticalConceptsandMarketReturns,CalculationrulesforprobabilitiesQ-:+1exhibitstrongpositivelinearity,whereascorrelationsnear-,,StatisticalConceptsandMarketReturns,FactorialPermutation&Combination&Q-:=n!/(n-r)!r!Here,n=4andr=2,sotheansweris4!/[(4-2)!2!]=24/[(2)×(2)]=,VP-,VP1andVP3,VP1andVP4,VP2andVP3,VP2andVP4,,StatisticalConceptsandMarketReturns,FactorialPermutation&Combination&Q-:,whenthesamplestandarddeviationisknown,is:7-915?√25=,S=??,StatisticalConceptsandMarketReturns,CentrallimittheoryQ-:;second,thesupportcitedfordrawingtheconclusion(.,thecentrallimittheorem),StatisticalConceptsandMarketReturns,CentrallimittheoryQ-:,,thesamplemeanisanunbiasedestimator,aconsistentestimator,—theexpectedvalueofthesamplemeanequalsthepopulationmean—becauseofsamplingerror,,StatisticalConceptsandMarketReturns,BiasesQ-:-tailedhypothesistestingwitha“greaterthan”:σ2≤%versusHa:σ2>%.,StatisticalConceptsandMarketReturns,One-tailed&two-tailedtestQ-:-testisgivenbyEquation:t=(X-μ)/(s/√?)=(30?24)/(10/√6)=-,$30millionandthehypothesizedvalueof$,StatisticalConceptsandMarketReturns,TestpopulationmeanQ-:--,StatisticalConceptsandMarketReturns,p-valueQ-:-,StatisticalConceptsandMarketReturns,Parametric&nonparametrictests9-9