- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 8. Probability Concepts
- Subject 1. Introduction

###
**CFA Practice Question**

Empirical probability is ______.

A. a technique where past information is used to determine future probabilities

B. a technique where current information is used to determine future probabilities

C. a form of probability that takes into account the fact that some other event has occurred which is likely to affect the chance of our event occurring

**Explanation:**Empirical probability is a technique where past information is used to determine future probabilities.

###
**User Contributed Comments**
3

User |
Comment |
---|---|

mc25456 |
Empirical probability is a technique where past information is used to determine the probabilities in future. |

bball123h |
Ctrl + C --> Ctrl + V |

CFANathan |
Empirical probability is a technique where past information is used to determine future probabilities |