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