The average squared deviation of outcomes from the mean

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Free FRM Quantitative Analysis Practice Questions & Answers

387 exam-style Quantitative Analysis questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

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Question 1

The expected value of a discrete random variable is:

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Question 2

Variance measures:

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Question 3

The standard normal distribution has:

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Question 4

Covariance between two random variables measures:

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Question 5

The correlation coefficient between two variables is:

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Question 6

A leptokurtic distribution compared to the normal distribution has:

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Question 7

Skewness of a distribution measures:

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Question 8

The central limit theorem states that:

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Question 9

A 95% confidence interval means:

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Question 10

A Type I error in hypothesis testing is:

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Question 11

The p-value in hypothesis testing represents:

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Question 12

The Binomial distribution describes:

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Question 13

The Poisson distribution is commonly used to model:

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Question 14

A probability distribution is said to have fat tails when:

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Question 15

The coefficient of variation (CV) measures:

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Question 16

The 95th percentile of a normal distribution is approximately how many standard deviations above the mean?

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Question 17

Two events A and B are mutually exclusive if:

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Question 18

The geometric mean return is used rather than the arithmetic mean for:

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Question 19

The probability that a random variable X falls within k standard deviations of its mean, for any distribution with finite mean and variance, is at least:

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Question 20

If X and Y are independent random variables, then:

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Question 21

The median of a distribution is:

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Question 22

The sample variance is calculated using n-1 in the denominator (rather than n) in order to:

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Question 23

The cumulative distribution function (CDF) F(x) gives:

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Question 24

If X ~ N(0, 1), then X² follows:

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Question 25

In risk management, the 99th percentile loss over one day is:

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Question 26

The standard error of the sample mean is:

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Question 27

The variance of a constant is:

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Question 28

A fat-tailed distribution is described by:

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Question 29

The probability of A union B (A or B occurring) is:

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Question 30

If X ~ N(10, 25), what is the probability that X exceeds 15?

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Free FRM Quantitative Analysis Practice Questions & Answers

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Before you go, can we ask you one thing?

Thank you