FRM 2026 Part I Quantitative Analysis Probability Distributions Free Quiz 1

Practice FRM 2026 Part I Quantitative Analysis MCQs from Probability Distributions. Get instant results with Explanation.

General10 MCQs

1. What is a probability distribution?

A. Probability distributions are only for continuous variablesB. Probability distributions describe the likelihood of outcomes for a random variableC. Probability distributions are the same as probability mass functionsD. Probability distributions are not used in risk management

2. What are the characteristics of the normal distribution?

A. The normal distribution is asymmetricB. The normal distribution is discreteC. The normal distribution is symmetric and bell-shapedD. The normal distribution has no parameters

3. What are the parameters of the standard normal distribution?

A. The standard normal distribution has mean 0 and standard deviation 1B. The standard normal distribution has mean 1 and standard deviation 0C. The standard normal distribution has mean 0 and standard deviation 0D. The standard normal distribution has mean 1 and standard deviation 1

4. What is the lognormal distribution?

A. Lognormal distribution is symmetricB. Lognormal distribution is left-skewedC. Lognormal distribution is the same as normal distributionD. Lognormal distribution is right-skewed and used for positive variables like asset prices

5. What is a key feature of the t-distribution compared to the normal distribution?

A. The t-distribution has lighter tails than the normal distributionB. The t-distribution has heavier tails than the normal distributionC. The t-distribution is identical to the normal distributionD. The t-distribution is used only for large samples

General10 MCQs

6. What is the chi-square distribution?

A. Chi-square distribution is symmetricB. Chi-square distribution is used for testing meansC. Chi-square distribution is the sum of squares of standard normalsD. Chi-square distribution is always normal

7. What is the F-distribution?

A. F-distribution is the ratio of two chi-square variablesB. F-distribution is the difference of two chi-square variablesC. F-distribution is the product of two normal variablesD. F-distribution is the sum of two normal variables

8. What is a key property of the exponential distribution?

A. Exponential distribution has a memoryless propertyB. Exponential distribution is symmetricC. Exponential distribution is used for discrete eventsD. Exponential distribution has a memoryless property

9. What is the Weibull distribution used for?

A. Weibull distribution has a memoryless propertyB. Weibull distribution is used for failure times and has a shape parameterC. Weibull distribution is only for normal dataD. Weibull distribution is the same as exponential

10. What does the Poisson distribution model?

A. Poisson distribution is continuousB. Poisson distribution models the time between eventsC. Poisson distribution models the number of events in a fixed intervalD. Poisson distribution has a mean of λ^2

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