Thirty Percent of the CFA Candidates Have a Degree in Economics

question 144

Multiple Choice

Thirty percent of the CFA candidates have a degree in economics. A random sample of three CFA candidates is selected. What is the probability that at least one of them has a degree in economics?

• A) 0.300
• B) 0.343
• C) 0.657
• D) 0.900

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Definitions:

Ability

The capacity to perform or execute a specific task or function.

Experts

Individuals with a high level of knowledge, skill, or expertise in a particular domain or field, often acquired through extensive experience or education.

Novices

Beginners or individuals who are new to a particular field or activity, lacking the experience and knowledge of more seasoned experts.

Stimuli

External elements or occurrences that elicit responses or reactions from sensory organs or the nervous system.