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:

Wool Suits

Garments made from wool fabric, typically worn for formal occasions or professional settings, prized for their durability and comfort.

Import Quota

A government-imposed limit on the quantity of a specific good that can be imported into a country, aimed at protecting domestic industries.

Tariff

A tax imposed on imported goods, often used to protect domestic industries from foreign competition and to raise government revenue.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public expenses.