CFA Practice Question

There are 434 practice questions for this study session.

CFA Practice Question

Which of the following statements is not false?
A. A random variable can take on specific values with certainty.
B. The color of a car cannot be a random variable because it is not a random number.
C. A random variable is a function which associates an outcome with a real number.
Explanation: A random variable can take on specific values but with uncertainty. The color of a car can be a random variable; each color considered is an outcome which can be associated with a probability (real number).

User Contributed Comments 1

User Comment
zed888 double negative answers - very sneeky
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