l1 08 probability concepts

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

Decks in this class (17)

A
define a random variable, an outcome, an event, mutually exclusive events, and exhaustive events
5  cards
B
State the two defining properties of probability and distinguish among empirical, subjective, and a priori probabilities
4  cards
a define a random variable, an outcome, an event, mutually exclusive events, and exhaustive events;
No deck description has yet been added by the author.
0  cards
b state the two defining properties of probability and distinguish among empirical, subjective, and a priori probabilities;
No deck description has yet been added by the author.
0  cards
c state the probability of an event in terms of odds for and against the event;
No deck description has yet been added by the author.
0  cards
d distinguish between unconditional and conditional probabilities;
No deck description has yet been added by the author.
0  cards
e explain the multiplication, addition, and total probability rules;
No deck description has yet been added by the author.
0  cards
f calculate and interpret 1) the joint probability of two events, 2) the probability that at least one of two events will occur, given the probability of each and the joint probability of the two events, and 3) a joint probability of any number of independent events;
No deck description has yet been added by the author.
0  cards
g distinguish between dependent and independent events;
No deck description has yet been added by the author.
0  cards
h calculate and interpret an unconditional probability using the total probability rule;
No deck description has yet been added by the author.
0  cards
i explain the use of conditional expectation in investment applications;
No deck description has yet been added by the author.
0  cards
j explain the use of a tree diagram to represent an investment problem;
No deck description has yet been added by the author.
0  cards
k calculate and interpret covariance and correlation;
No deck description has yet been added by the author.
0  cards
l calculate and interpret the expected value, variance, and standard deviation of a random variable and of returns on a portfolio;
No deck description has yet been added by the author.
0  cards
m calculate and interpret covariance given a joint probability function;
No deck description has yet been added by the author.
0  cards
n calculate and interpret an updated probability using Bayes’ formula;
No deck description has yet been added by the author.
0  cards
o identify the most appropriate method to solve a particular counting problem, and solve counting problems using factorial, combination, and permutation concepts.
No deck description has yet been added by the author.
0  cards

More about
l1 08 probability concepts

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Steven Popovic's L1 08 Probability Concepts flashcards for their CFA Exam L1 class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Make Flashcards