CFA Practice Question

There are 434 practice questions for this study session.

CFA Practice Question

An analyst wants to determine how growth managers performed last year. He assumes that the population cross-sectional standard deviation of growth manager return is 8%; the sample size selected is 40. Determine the standard error of the sample mean. Assume the returns are independent across managers:

A. 1.125
B. 1.265
C. 1.600
Correct Answer: B

8/401/2 = 1.265

User Contributed Comments 3

User Comment
cleopatraliao the unit is worth paying attention to
maryprz14 so agree
gigi0818 Why use 8 instead of 8%?
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