Question 31
A sample of 25 junior financial analysts gives a mean salary (in thousands) of 60. Assume the population variance is known to be 100. A 90% confidence interval for the mean starting salary of junior financial analysts is most accurately constructed as:
A) 60 + 1.645(100). B) 60 + 1.645(2). C) 60 + 1.645(10). D) 60 + 1.645(4). Question 32
A portfolio has a coefficient of variation of 2.0. This means that the portfolio’s:
A) expected return is 2.0 times its standard deviation of returns. B) variance of returns is 0.5 times its expected return. C) expected return is 0.5 times its standard deviation of returns. D) variance of returns is 2.0 times its expected return. Question 33 Jay Hamilton, CFA, is analyzing Adams, Inc., a distressed firm. Hamilton believes the firm’s survival over the next year depends on the state of the economy. Hamilton assigns probabilities to four economic growth scenarios and estimates the probability of bankruptcy for Adams under each: Economic growth scenario | Probability of scenario | Probability of bankruptcy | Recession (< 0%) | 20% | 60% | Slow growth (0% to 2%) | 30% | 40% | Normal growth (2% to 4%) | 40% | 20% | Rapid growth (> 4%) | 10% | 10% |
Based on Hamilton’s estimates, the probability that Adams, Inc. does not go bankrupt in the next year is closest to:
A) 18%. B) 33%. C) 50%. D) 67%. Question 34
The Keynesian view suggests that the government can diminish aggregate demand by using:
A) restrictive fiscal policy to shift the government budget toward a deficit (or a smaller surplus). B) expansionary fiscal policy to shift the government budget toward a deficit (or a smaller surplus). C) expansionary fiscal policy to shift the government budget toward a surplus (or a smaller deficit). D) restrictive fiscal policy to shift the government budget toward a surplus (or smaller deficit). Question 35
A loss of economic efficiency from price regulation is least likely to result from a:
A) minimum wage that is greater than the equilibrium wage for low-skill workers. B) rent ceiling that effectively increases renters’ search times for available units. C) maximum price for electricity set at a price level at which the quantity of electricity supplied is greater than the quantity demanded. D) minimum price for wheat set at a price for which the quantity of wheat demanded is less than the quantity supplied.
[此贴子已经被作者于2008-11-8 18:02:29编辑过] | 
发表于 2008-5-26 12:20
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