- CFA Exams
- CFA Level I Exam
- Study Session 3. Quantitative Methods (2)
- Reading 9. Common Probability Distributions
- Subject 1. Basic Definitions

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**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).

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**User Contributed Comments**
1

User |
Comment |
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zed888 |
double negative answers - very sneeky |