The correct answer is: D)
First, transform the actual value of this outcome (-1.2%) into its standardized z-score:
Zx= [(X - ux) ÷ σx] = [(-1.2 - 12.0) ÷ 8] = -1.65
Using the Normal Rule, candidates should realize that approximately 90% of the outcomes are expected to occur within 1.65 standard deviations of the mean. This would mean that 45% (half of 90%) of the observations must lie within the mean and -1.65 standard deviations away from the mean. If this is so, then 5% of all the observations must lie below -1.65 standard deviations away from the mean.
The correct answer is b. Any time the actual growth rate of the separate account exceeds the account’s AIR, the payment will ...
The correct answer is a) Spinning is the act of selling hot issues to the personal accounts of corporate officers which in ...
The correct answer is A) In a Roth IRA, there is no required distribution date as there is in a traditional IRA.
Free info on financial certification exams including study guides, exam questions, and much more!
- No results found.