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Question of the Week - Quantitative Methods

AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
edited April 2016 in Level 1 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:

Question of the Week - Quantitative Methods 16 votes

35%
31%
pabulumsSwatinyang5001Mckettavannoord 5 votes
65%
37%
AdaptPrepBeregondgahamiltchrupekaaronpcjbsuls 6 votes
75%
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scarebaerPahtsanmdlynch3dmuller27DMD 5 votes

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