CFA 2026 Level I Quant Methods Probability Free Quiz 2

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CFA 2026 Level I Quant Methods Probability Free Quiz 2

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CFA 2026 Level I Quant Methods Probability Free Quiz 2

Practice CFA 2026 Level I Quant Methods MCQs from Probability. Get instant results with Explanation.

General5 MCQs

11. What is the formula for odds against an event?

A. P(E) / (1 - P(E))B. P(E) / (1 - P(E))C. (1 - P(E)) / P(E)D. P(E) * (1 - P(E))

12. How do you convert odds for an event (a:b) to a probability?

A. b / (a + b)B. a / bC. b / aD. a / (a + b)

13. What is a random variable?

A. A variable whose outcomes are uncertainB. A variable whose outcomes are certainC. A constantD. A parameter

14. What is the result of a random experiment called?

A. EventB. OutcomeC. ProbabilityD. Random variable

15. What is a set of one or more outcomes of a random experiment called?

A. OutcomeB. ProbabilityC. EventD. Random variable

General5 MCQs

16. What are the properties of a valid probability?

A. -1 to 1B. 0 to 100C. 0 to infinityD. 0 to 1

17. What is the expected value of a random variable?

A. The probability-weighted average of possible outcomesB. The probability-weighted average of squared deviationsC. The square root of the varianceD. The average of the outcomes

18. What is the variance of a random variable?

A. The expected valueB. The expected value of squared deviations from the meanC. The square root of the varianceD. The average of the outcomes

19. What is the standard deviation of a random variable?

A. The expected valueB. The varianceC. The square root of the varianceD. The arithmetic mean

20. What is the probability of an event without conditioning on any other event called?

A. Conditional probabilityB. Joint probabilityC. Posterior probabilityD. Unconditional probability

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