Q1. One advantage of technical analysis is that it incorporates:

A)   only psychological reasons for stock price changes.

B)   both psychological and economic reasons for stock price changes.

C)   neither psychological nor economic reasons for stock price changes.

Q2. Which of the following is least likely an advantage of technical analysis?

A)   It does not depend on the analysis of market trading data, such as security prices and trading volume.

B)   It tells the analyst when to buy, but not necessarily why investors are buying.

C)   It is relatively easy to implement.

Q3. The advantages of using technical analysis include:

A)   ease in interpreting reasons behind stock price trends.

B)   complete objectivity.

C)   the incorporation of psychological reasons behind price changes.

Q4. One advantage of technical analysis is that it tells the analyst:

A)   when to buy; not why investors are buying.

B)   why investors are buying.

C)   only the economic reasons behind price changes.

Q5. The fact that it is not heavily dependent on the analysis of accounting information is an advantage of:

A)   technical analysis.

B)   fundamental analysis.

C)   efficient market analysis.

答案和详解如下：

Q1. One advantage of technical analysis is that it incorporates:

A)   only psychological reasons for stock price changes.

B)   both psychological and economic reasons for stock price changes.

C)   neither psychological nor economic reasons for stock price changes.

Correct answer is B)

One advantage of technical analysis is that it incorporates both psychological and economic reasons for stock price changes.

Q2. Which of the following is least likely an advantage of technical analysis?

A)   It does not depend on the analysis of market trading data, such as security prices and trading volume.

B)   It tells the analyst when to buy, but not necessarily why investors are buying.

C)   It is relatively easy to implement.

Correct answer is A)

Technical analysis depends almost entirely on the analysis of data derived from stock market trading activity, including security prices and trading volume. It does not depend on accounting information.

Q3. The advantages of using technical analysis include:

A)   ease in interpreting reasons behind stock price trends.

B)   complete objectivity.

C)   the incorporation of psychological reasons behind price changes.

Correct answer is C)

Technical analysis avoids having to use fundamental data and adjusting for accounting problems, incorporates psychological as well as economic reasons behind price changes, and tells WHEN to buy; not WHY investors are buying. Drawbacks include subjective interpretation of charts and graphs.

Q4. One advantage of technical analysis is that it tells the analyst:

A)   when to buy; not why investors are buying.

B)   why investors are buying.

C)   only the economic reasons behind price changes.

Correct answer is A)

The four advantages of technical analysis are: it's quick and easy; it does not involve adjusting for accounting problems; it incorporates psychological as well as economic reasons behind price changes; and it tells when to buy, not why investors are buying.

Q5. The fact that it is not heavily dependent on the analysis of accounting information is an advantage of:

A)   technical analysis.

B)   fundamental analysis.

C)   efficient market analysis.

Correct answer is A)

One advantage of technical analysis is that it does not involve messing with financial accounting information and adjusting for management choice of accounting methods.

Q6. A dealer in a casino has rolled a five on a single die three times in a row. What is the probability of her rolling another five on the next roll, assuming it is a fair die?

A)   0.167.

B)   0.001.

C)   0.200.

Correct answer is A)

The probability of a value being rolled is 1/6 regardless of the previous value rolled.

Q7. The number of ships in the harbor is an example of what kind of variable?

A)   Discrete.

B)   Indiscrete.

C)   Continuous.

Correct answer is A)

A discrete variable is one that is represented by finite units.

Q8. Which of the following is a discrete random variable?

A)     The realized return on a corporate bond.

B)     The amount of time between two successive stock trades.

C)     The number of advancing stocks in the DJIA in a day.

Correct answer is C)

Since the DJIA consists of only 30 stocks, the answer associated with it would be a discrete random variable. Random variables measuring time, rates of return and weight will be continuous.

Q9. Which of the following statements about probability distributions is most accurate?

A)   A discrete uniform random variable has varying probabilities for each outcome that total to one.

B)   A binomial distribution counts the number of successes that occur in a fixed number of independent trials that have mutually exclusive (i.e. yes or no) outcomes.

C)   A continuous uniform distribution has a lower limit but no upper limit.

Correct answer is B)

Binomial probability distributions give the result of a single outcome and are used to study discrete random variables where you want to know the probability that an exact event will happen. A continuous uniform distribution has both an upper and a lower limit. A discrete uniform random variable has equal probabilities for each outcome.

ding