FRM 2026 Part I Quantitative Analysis Probability Free Quiz 2

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

General10 MCQs

1. What is the range of the correlation coefficient?

A. Correlation ranges from -1 to +1B. Correlation ranges from 0 to 1C. Correlation ranges from -∞ to +∞D. Correlation is always positive

2. What is the Bernoulli distribution?

A. Bernoulli distribution has three outcomesB. Bernoulli distribution has a variance of pC. Bernoulli distribution is a continuous distributionD. Bernoulli distribution models a single trial with two outcomes, success and failure

3. What are the mean and variance of a binomial distribution?

A. Binomial distribution has a variance of npB. Binomial distribution has an expected value of np and variance of np(1-p)C. Binomial distribution is continuousD. Binomial distribution has an expected value of n(1-p)

4. What are the mean and variance of a Poisson distribution?

A. Poisson distribution has a mean of λ^2B. Poisson distribution has a variance of λ^2C. Poisson distribution has a mean and variance equal to λD. Poisson distribution has a mean of e^λ

5. What is the mean of an exponential distribution?

A. Exponential distribution has a mean of 1/λB. Exponential distribution has a mean of λC. Exponential distribution has a mean of λ^2D. Exponential distribution has a variance of λ

General10 MCQs

6. What are the mean and variance of a uniform distribution?

A. Uniform distribution has a mean of (a+b)/2B. Uniform distribution has a variance of (b-a)^2/12C. Both A and B are correctD. Uniform distribution has a mean of (a+b)/2 and variance (b-a)^2/12

7. What is a key property of the normal distribution?

A. The normal distribution is asymmetricB. The normal distribution is symmetric about its meanC. The normal distribution has a mean of 0D. The normal distribution has a standard deviation of 1

8. What does the central limit theorem state?

A. The central limit theorem applies only to normal distributionsB. The central limit theorem states that the sample mean is always normalC. The central limit theorem states that the sample mean is approximately normal for large samplesD. The central limit theorem applies only to small samples

9. What is the formula for the standard error of the mean?

A. Standard error of the mean = σ / √nB. Standard error of the mean = σ × √nC. Standard error of the mean = σ / nD. Standard error of the mean = σ × n

10. What is the law of large numbers?

A. The law of large numbers states that the sample mean converges to the population medianB. The law of large numbers states that the sample variance converges to the population varianceC. The law of large numbers states that the sample mean converges to the population mean for small samplesD. The law of large numbers states that the sample mean converges to the population mean as sample size increases

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