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CFA Level 1 Question of the Week - Quantitative Methods
A trader purchases one single stock every day during five working days. His risk manager believes that the probability of selecting an underpriced stock at any given time is 52%. Assuming a binomial distribution, the probability of selecting exactly two underpriced stocks during the week out of the universe of underpriced and overpriced stocks is closest to:
CFA Level 1 Question of the Week - Quantitative Methods 6 votes