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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2024-01-19.q367 Dumps
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Question 316

If a security just experienced a triple top pattern, its price is then expected to:

Correct Answer: B
Technicians use the triple top to predict a change from an uptrend to a downtrend in security prices.
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Question 317

Which of the following statements is least accurate with respect to parametric and nonparametric tests?

Correct Answer: B
Nonparametric tests may certainly be used when data is expressed in terms of ranks.
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Question 318

If the quantity of Snapple's drinks demanded falls from 4.0 million to 3.0 million as the price of
Nantucket Nectar's drinks fall from $2.70 to $2.50, Snapple's drinks and Nantucket Nectar's drinks are:

Correct Answer: A
Since the cross price elasticity of demand for Snapple's drinks and Nantucket Nectar's drinks is positive, they are substitutes.
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Question 319

Which of the following is correct about a probability distribution?
I). Sum of the probabilities of all possible outcomes must equal 1
II). Probability of each outcome must be between 0 and 1 inclusive
III). Outcomes must be mutually exclusive

Correct Answer: C
All describes properties of a probability distribution.
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Question 320

Annualized returns:
I). allow for comparison among different assets and over different time periods.
II). assume that money can be re-invested repeatedly while earning a similar return.
III). cannot be calculated when the holding period return is more than 10 years.

Correct Answer: B
II). One implicit assumption of annualizing return is that returns can be repeated precisely.
III). Yes it can be calculated.
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