Probability Trees and Conditional Expectations sample question
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CFA Level I sample question
CFA Level I Probability Trees and Conditional Expectations question
Quantitative Methods / Probability Trees and Conditional Expectations
Quantitative Methods
Probability Trees and Conditional Expectations
A model assigns a 60% probability to expansion. If expansion occurs, the probability of a positive earnings surprise is 80%; if recession occurs, it is 30%. The unconditional probability of a positive surprise is closest to:
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