Tentamen (uitwerkingen)

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT

1 keer verkocht

Vak
CFA Level 1

Instelling
CFA Level 1

[Meer zien]

Voorbeeld 4 van de 54 pagina's

Bekijk voorbeeld

Geupload op 7 juni 2023
Aantal pagina's 54
Geschreven in 2022/2023
Type Tentamen (uitwerkingen)
Bevat Vragen en antwoorden

cfa level 1 101 must knows 368 questions answer

Instelling CFA Level 1
Vak CFA Level 1

Volgen

paulhans

Lid sinds 4 jaar 714 documenten verkocht

€10,78

In winkelwagen

Op verlanglijstje

100% tevredenheidsgarantie
Direct beschikbaar na je betaling
Lees online óf als PDF
Geen vaste maandelijkse kosten

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B)
- P(AB)
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - R ₜ) / σ
Larger ratio is better
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ
Larger ratio is better
If (Rt) is higher than RFR, then it becomes Safety First Ratio
Central Limit Theorem - CORRECT ANSWER If we take samples of a population, with a large enough sample size, the distribution of all sample means is normal with:
- A mean equal to the population mean
- A variance equal to the population variance divided by sample size (σ² / n)
Standard Error of Sample Mean - CORRECT ANSWER σ / n^½
Binomial Probability - CORRECT ANSWER One of two possible outcomes (i.e. success/failure)
Possible outcomes can be demonstrated in binomial tree
Use "nCr" on calculator to solve:
nCr = P(success)^x * P(failure)^(n-x) P - Value - CORRECT ANSWER Based on a calculated test statistic, rather than a significance level (which is chosen)
p-value = smallest significance level at which an analyst can reject the null hypothesis
one-tailed test - "less than or equal to"
two-tailed test - "equal to"
Cumulative Distribution Function - CORRECT ANSWER Gives the probability that a random variable will have an outcome less than or equal to a specific value (represented by F(x))
F(x) = probability of an outcome less than or equal to x
Standard normal table (z) shows cumulative probabilities
Effective Annual Yield - CORRECT ANSWER EAY = (1 + (i/n))^n - 1
Stated Rate = (EAY^(1/n) - 1) * n
Continuous Compounding - CORRECT ANSWER ln(EAY) = continuously compounded stated rate
e^(continuously compounded stated rate) = EAY
Type I Error - CORRECT ANSWER Incorrectly rejecting a true null hypothesis
(convicting an innocent person is Type I)
Type II Error - CORRECT ANSWER Failure to reject a false null hypothesis
(failure to convict a guilty person is Type II)
Significance Level / Power of a Test - CORRECT ANSWER Significance Level = Probability of Type I Power of a Test = (1 - Probability of Type I)
Covariance (Probability Model) - CORRECT ANSWER Covariance of random variables A and B from probability model
On the calculator:
1) Enter returns for set A and joint probabilities for AB; find mean A
2) Enter returns for set B and joint probabilities for AB; find mean B
3) Multiply each joint probability AB by each set's returns minus means
(ex: P(AB1)(A1 - Mean A)(B1 - Mean B) + P(AB2)(A2 - Mean A)(B2 - Mean B) + ... + P(ABn)(An - Mean A)(Bn - Mean B))
4) The summed total is your covariance
Covariance (Sample) - CORRECT ANSWER Covariance of random variables A and B from sample with historical data with n observations
Correlation Coefficient - CORRECT ANSWER COVab / σaσb
Bank Discount Yield (Discount basis) - CORRECT ANSWER (Discount / Face Value) *
(360 / Days)
Money Market Yield - CORRECT ANSWER (HPY) * (360 / Days)
Bond Equivalent Yield - CORRECT ANSWER (HPY) * (365 / Days)
Most appropriate for comparing yields!
Technical Analysis Indicators - CORRECT ANSWER Continuation:
TRIANGLE (or pennant) = Suggests a pause in the stock price movement that will be followed by a continuation of the previous trend
Reversal:
HEAD AND SHOULDERS = Suggests a future decline in the stock price regardless of
prior trend
DOUBLE BOTTOM = Increasing stock price in the future (reversal of a downtrend) Trendlines:
SUPPORT / RESISTANCE = Range that stock price trades in based on supply/demand. Stock is "supported" from going below a certain low price, and "resists" going above a certain high price
Price Elasticity - CORRECT ANSWER %ΔQuantity / %ΔPrice = (ΔQ / ΔP) * (P ₀ / Q₀)
Demand is elastic if less than -1
Demand is inelastic if 0 to -1
Income Elasticity - CORRECT ANSWER %ΔQuantity / %ΔIncome
Positive for normal good
Negative for inferior good
Cross-Price Elasticity - CORRECT ANSWER %ΔQuantity / %ΔPriceʳᵉˡᵃᵗᵉᵈ ᵍᵒᵒᵈ
Positive for substitutes
Negative for complements
Sources of Economic Growth - CORRECT ANSWER Increases in:
- Labor
- Physical Capital
- Technology
- Natural Resources
- Human Capital
(LPT:HN)
"Life Pro Tip: No Hangovers"
Production Function Approach (GDP) - CORRECT ANSWER Potential GDP = A * f(L,K)
L = Labor
K = Capital
A = "total factor productivity" aka increased growth not explained by growth of labor and capital

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper paulhans. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €10,78. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 68175 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Begin nu gratis

Tentamen (uitwerkingen)

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT

Document informatie

Onderwerpen

Geschreven voor

Verkoper

Ontvangen beoordelingen

Voorbeeld van de inhoud