CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

The probability of correctly answering a multiple-choice question with four possible answers by guessing is an example of which type of probability?

A. relative frequency or empirical
B. classical or priori
C. subjective
Correct Answer: B

The correct answer is classical or a priori since the probability can be determined by considering equally likely outcomes to the experiment.

User Contributed Comments 3

User Comment
bdoggprod I used a priori on this question!!
poomie83 Thats classic
johntan1979 MCQ is always objective, never subjective, and cannot be historical, hence B.
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