1. You toss a coin 14 times. The probability of getting exactly 6 tails is:

A. 0.016

B. 0.183

C. 0.428

2. Which of the following is least likely to be a characteristic of a normal distribution?

A. Skewness = 0

B. Kurtosis = 3

C. Mean > Mode

3. Which of the following method best addresses the ‘what-if’ question?

A. Historical simulation

B. Monte Carlo simulation

C. Value at risk approach

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