Book. Quantitative Methods

CFA Level 1

QM 1. Rates and Returns

Presented by: Sudhanshu

Module 1. Basics of Probability

Module 2. Conditional, Unconditional and Joint Probabilities

Module 1. Basics of Probability

Topic 1. Basics of Probability

Topic 2. Event and Event Spaces

Topic 3. Independent and Mutually Exclusive Events

Topic 4. Conditionally Independent Events

Topic 1. Basics of Probability

• Topic 1. Basics of Probability
• Topic 2. Event and Event Spaces
• Topic 3. Independent and Mutually Exclusive Events
• Topic 4. Conditionally Independent Events

Practice Questions: Q1

Q1. For the roll of a fair six-sided die, how many of the following are classified as events?

• The outcome is 3.
• The outcome is an even number.
• The outcome is not 2, 3, 4, 5, or 6.

A. One.

B. Two.

C. Three.

D. None.

Practice Questions: Q1 Answer

Explanation: C is correct.

All of the outcomes and combinations specified are included in the event space for the random variable.