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Question of the Week - Quantitative Methods

AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
edited June 2014 in CFA Practice Questions
A portfolio manager has a tight tracking error of 50 basis points. The manager expects to be within this tracking error for a given quarter 85% of the time. If that expectation is correct and each quarter is independent, the probability that the manager is within the tracking error for at least 7 of the next 8 quarters is closest to:
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Question of the Week - Quantitative Methods 26 votes

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justinturnerghateleyAlaric 3 votes
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hairyfairysp2013AdaptPrepdjsgjvalmazanLollypollyTeemotoonervapinglax15shannondailyecoffey123mdlynch3chrupekSwatijabiller 15 votes
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Hmelendezbgrizzaneeshseanpintorsparkschmpnarcherthendry7JLC007 8 votes

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