CFA 2026 Level I Quant Methods Probability Free Quiz 3

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CFA 2026 Level I Quant Methods Probability Free Quiz 3

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CFA 2026 Level I Quant Methods Probability Free Quiz 3

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

General5 MCQs

21. What is the joint probability?

A. The probability that two events both occurB. The probability that one event occurs given anotherC. The probability of a single eventD. The probability that either event occurs

22. What is the unconditional probability of a single event called?

A. Joint probabilityB. Marginal probabilityC. Conditional probabilityD. Union probability

23. What is the addition rule for probabilities?

A. P(A) * P(B)B. P(A) * P(B|A)C. P(A) + P(B) - P(A ∩ B)D. P(A) + P(B)

24. What is the multiplication rule for independent events?

A. P(A) + P(B) - P(A ∩ B)B. P(A) * P(B|A)C. P(A) + P(B)D. P(A) * P(B)

25. What is the multiplication rule for dependent events?

A. P(A) * P(B|A)B. P(A) + P(B) - P(A ∩ B)C. P(A) * P(B)D. P(A) + P(B)

General5 MCQs

26. What is the probability of the union of mutually exclusive events?

A. P(A) + P(B) - P(A ∩ B)B. P(A) + P(B)C. P(A) * P(B)D. P(A) / P(B)

27. What is the complement rule?

A. P(A) + P(not A) = 0B. P(A) * P(not A) = 1C. P(not A) = 1 - P(A)D. P(A|not A) = 1

28. What is the classical approach to probability?

A. The frequency approachB. The subjective approachC. The axiomatic approachD. The classical approach

29. Which approach to probability uses historical data to estimate likelihood?

A. The frequency approachB. The classical approachC. The subjective approachD. The axiomatic approach

30. Which approach to probability uses personal judgment to estimate likelihood?

A. The frequency approachB. The subjective approachC. The classical approachD. The axiomatic approach

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Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

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⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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