When an analyst is unsure of the underlying population distribution, which of the following is least likely to increase the reliability of parameter estimates?
A. Increase in the sample size
B. Use of point estimates rather than confidence intervals
C. Use of the t-distribution rather than the normal distribution to establish confidence intervals
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If a government increases its spending on domestically produced goods by an amount that is financed by the same increase in taxes, the aggregate demand will most likely:
A. increase
B. decrease
C. Remain unchanged
Which of the following is least likely to be directly reflected in the returns on a commodity index?
A. Roll yield
B. Changes in the spot prices of underlying commodities
Changes in the futures prices of commodities in the index
Pia Nilsson is a sole proprietor investment advisor. The economic recession has reduced the number of clients she advises and caused revenues to decline. As a result, Nilsson has not paid her CFA Inst
A. Nonpayment of CFA Institute membership dues
B. Attributing her superior returns to participation in the CFA Program
C. Indicating that being a CFA charter-holder has enhanced her portfolio management skills
A company suffered a substantial loss when its production facility was destroyed in an earthquake against which it was not insured. Geological scientists were surprised by the earthquake as there was
A. Net of taxes if it reports under U.S. GAAP.
B. As an extraordinary item if it reports under IFRS.
C. As an unusual item if it reports under U.S. GAAP.