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CFA Level 1 Review > Probability Concepts > Flashcards

Probability Concepts Flashcards

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CFA flashcards
1
Q

Empirical probability

A

The probability of an event based on the frequency of its occurrence in the past.

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2
Q

Subjective Probability

A

Subjective reasoning and personal judgement.

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3
Q

Priori Probability

A

Logical reasoning

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4
Q

Addition rule for probabilities

A

The probability of at least one of A and B occurring.

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CFA Level 1 Review (3 decks)

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