Page 3 of 10 FirstFirst 12345 ... LastLast
Results 21 to 30 of 97

Thread: Free CFA Level 2 practice question bank for June 2011 exam

  1. #21
    Senior Member
    Join Date
    Aug 2009
    Posts
    192
    Rep Power
    9
    Quote Originally Posted by ashish24 View Post
    I agree with Ketan. The answer is B or 14.

    I was looking forward to revision on other topics also.

    hey Ashish,

    We had started LOS Review for Level 2 CFA...you can also join and contribute:
    http://daulatguru.com/finance-forum-...or-CFA-Level-2

    Thnx

  2. #22
    Active Member
    Join Date
    Apr 2011
    Posts
    29
    Rep Power
    7

    My answer to Q9

    answer is C

    Quote Originally Posted by DG Mod View Post
    Q8 Ans B:

    The degree of freedom for residual item in the ANOVA table is equal to n-k-1,
    where n is the number of observation
    k is the number of independent variables
    For the total item degree of freedom is n-1, since the value is given as 17 => n =18
    Hence degree of freedom for residual will be n-k-1 = 18-3-1 = 14

    ================================================== =====================================
    Today's Question (Questions and answers provided by Knowledge Varsity)


    Q9. Which of the following is most likely the value of variable C in the ANOVA table?

    A. 2000
    B. 6000
    C. 353

    ================================================== =====================================

  3. #23
    Moderator
    Join Date
    Feb 2011
    Posts
    96
    Rep Power
    20
    Q9 Ans A:

    The Mean square value for regression is
    MSR = SSR/K = 6000/3 = 2000

    ================================================== =====================================
    Today's Question (Questions and answers provided by Knowledge Varsity)


    Q10. Which of the following is most likely the value of variable D in the ANOVA table?

    A. Indeterminate
    B. 333
    C. 71

    ================================================== =====================================

  4. #24
    Active Member
    Join Date
    Apr 2011
    Posts
    39
    Rep Power
    7
    Quote Originally Posted by ashish24 View Post
    Please provide an explanation as to how we arrived at answer C for question 3. I got A first , then I got B finally.
    I used Excel to solve this question. You can see the snapshot below:


  5. #25
    Active Member
    Join Date
    Apr 2011
    Posts
    29
    Rep Power
    7

    Correct answer is indeed A and not C

    The correct answer is A

  6. #26
    Active Member
    Join Date
    Apr 2011
    Posts
    29
    Rep Power
    7
    I got C as the answer in the following way:

    B = 14
    Unexplained regression = 1000
    Therefore D=1000/14= 71.42 or approx 71

  7. #27
    Moderator
    Join Date
    Feb 2011
    Posts
    96
    Rep Power
    20
    Q10 Ans C:

    Here we are asked to find out Mean squared Error
    MSE = SSE / (n-k-1) = 1000/14 = 71

    ================================================== =====================================
    Today's Question (Questions and answers provided by Knowledge Varsity)


    Q11. Which of the following is the F value of the sample?

    A. 28.17
    B. 6
    C. 4.67

    ================================================== =====================================

  8. #28
    Mentor, Knowledge Varsity ratankv's Avatar
    Join Date
    Jan 2010
    Posts
    42
    Rep Power
    8
    Thanks to all the members for participating in the Forum. I believe that these questions would be useful for your preparation.
    The correct answer to the question No - 3 is option C that is 4216 million rupees.
    The question is not a difficult question, as it is just plugging the values, here in these type of question the examiner is seeing whether the candidates are alert.
    first lets see why A and B are wrong.
    A is wrong - If you mistakenly forget to convert the GDP from billions to millions, you will get the first answer
    B is wrong - Here the candidates forget that there is negative 180 in the first term, if you dont take that into consideration then your answer will be 4396.
    C is correct - Here we reduce 4396 by 180 to get 4216.

    The question is easy and that's why many candidates try to save their time by doing the calculation fast, and since the options are those answers which the student will most likely get wrong they do not double check. CFA Institute examination setter know this and they will be putting these dis-tractors in the answer options.

    There will be instances where due to delivery pressure we have some error and we will post errata to those in the forum.
    I will now be actively taking part in the discussion, please feel free to post on the forum.

    Thanks
    Ratan Gupta, FRM
    Learning Officer
    Knowledge Varsity

    Quote Originally Posted by neetu View Post
    Ashish,

    You are right. I have taken the following equation:
    Sales = -180 + 6.09 * (T) + 1.05 PS + 0.00015 * GDP
    and plugged in:
    Temperature in Summer = 42 degree Celsius
    Prior year sales = 3000 million Rupees
    Nominal increase in GDP = 6600X1000 million Rupees

    The answer is: 4395.78 ~ 4396 i.e. B

  9. #29
    Administrator
    Join Date
    Sep 2012
    Posts
    150
    Rep Power
    20
    Thanks Ratan!

  10. #30
    Active Member
    Join Date
    Apr 2011
    Posts
    29
    Rep Power
    7
    Thank you Ratan for providing the explanation.

    Regarding question 11, the answer is A.

    F= MSR/MSE = 28.

Similar Threads

  1. Free CFA Level 1 Practice Questions for December 2012 exam
    By ratankv in forum CFA exam conducted by CFA Institute, USA
    Replies: 75
    Last Post: 30-11-2012, 02:54 PM
  2. Free CFA Level 1 practice question bank for June 2011 exam
    By Daulat Guru in forum CFA exam conducted by CFA Institute, USA
    Replies: 180
    Last Post: 01-03-2012, 10:31 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •