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Question 1 of 10
1. Question
Which of the following the correct description of the law of percentages in the field of decision making and selection?
Correct
With a relative gain of 20 percent, a relative loss of 20 percent may be made back, but an absolute loss of 20 percent requires only a 25 percent gain to split. This is called the “law of percentages.” It implies that all total losses will be held to a minimum when investing.
Incorrect
With a relative gain of 20 percent, a relative loss of 20 percent may be made back, but an absolute loss of 20 percent requires only a 25 percent gain to split. This is called the “law of percentages.” It implies that all total losses will be held to a minimum when investing.

Question 2 of 10
2. Question
What percentage of return should be earned if you have $100 in the capital and sustain a 20% loss to return to the breakeven level of $100?
Correct
You’re left with $80 if you have $100 in money and incur a loss of 20 percent. You must earn an $80 return of 25 percent to return to the $100 breakeven level. Of each specific amount of damage, the percentage sum to be won to split is also determined using the formula
% gain necessary = % loss ÷ (1–% loss).Incorrect
You’re left with $80 if you have $100 in money and incur a loss of 20 percent. You must earn an $80 return of 25 percent to return to the $100 breakeven level. Of each specific amount of damage, the percentage sum to be won to split is also determined using the formula
% gain necessary = % loss ÷ (1–% loss). 
Question 3 of 10
3. Question
Which of the following statement states the correct percentage of the percentage gain on a loss of 50 percent?
Correct
A loss of 50 percent requires a gain of 100 percent to break even. Before reaching such an extreme that is unlikely to be recovered, the investor is better off cutting losses considering the difficulty of investing for a 100 percent gain.
Incorrect
A loss of 50 percent requires a gain of 100 percent to break even. Before reaching such an extreme that is unlikely to be recovered, the investor is better off cutting losses considering the difficulty of investing for a 100 percent gain.

Question 4 of 10
4. Question
Which of the following is not a characteristic of a normal distribution? Choose the best possible answer.
Correct
There are three important characteristics of the normal distribution:
• Bellshaped, with a point in the middle. The mean, median, and mode are all at the peak
• Middle is symmetrical
• It asymptotically crosses the horizontal axis at the left and right tails of the bell curve. This extends in all ways, indefinitelyIncorrect
There are three important characteristics of the normal distribution:
• Bellshaped, with a point in the middle. The mean, median, and mode are all at the peak
• Middle is symmetrical
• It asymptotically crosses the horizontal axis at the left and right tails of the bell curve. This extends in all ways, indefinitely 
Question 5 of 10
5. Question
If we increase the sample size what effect does it have on the approximation/outcome of the statistical tests?
Correct
As the sample size increases it will improve the approximation. The central limit theorem has significant consequences for a wide range of statistical studies.
Incorrect
As the sample size increases it will improve the approximation. The central limit theorem has significant consequences for a wide range of statistical studies.

Question 6 of 10
6. Question
Which of the following is not a rule used in the statistical analysis done using a normal distribution?
Correct
There are two ruleofthumb values which are useful for memorizing the normal distribution. Next, nearly twothirds of the findings must fall within one standard deviation of the mean (be it above or below). Second, around 95 percent of the findings would be within two standard deviations from the mean.
Incorrect
There are two ruleofthumb values which are useful for memorizing the normal distribution. Next, nearly twothirds of the findings must fall within one standard deviation of the mean (be it above or below). Second, around 95 percent of the findings would be within two standard deviations from the mean.

Question 7 of 10
7. Question
Can stock prices be normally distributed and are stock returns normally distributed?
Correct
No, you can not have negative prices and every number is possible with any normal distribution, both positive and negative, even though some values are highly improbable as outcomes. Yes, because we can’t get a return lower than – 100%, but we can get a return greater than 100%.
Incorrect
No, you can not have negative prices and every number is possible with any normal distribution, both positive and negative, even though some values are highly improbable as outcomes. Yes, because we can’t get a return lower than – 100%, but we can get a return greater than 100%.

Question 8 of 10
8. Question
What is the specific name given to the normal distribution for having special characteristics?
Correct
Due to what’s called the central limit theorem, the normal distribution also has special importance. When we take repeated samples from a population, measure each sample’s mean, and then map the sample means distribution, they will approximate a normal distribution.
Incorrect
Due to what’s called the central limit theorem, the normal distribution also has special importance. When we take repeated samples from a population, measure each sample’s mean, and then map the sample means distribution, they will approximate a normal distribution.

Question 9 of 10
9. Question
Which of the following is not an example of initial decision taken into consideration in the field of system testing?
Correct
Some of the following things are taken into consideration during the initial stage of system testing:
• The first decision that must be made is that of trading philosophy and premises
• You must decide on which markets to focus
• You must establish the time horizon for the system
• You must have a risk control plan
• Establish a time routineIncorrect
Some of the following things are taken into consideration during the initial stage of system testing:
• The first decision that must be made is that of trading philosophy and premises
• You must decide on which markets to focus
• You must establish the time horizon for the system
• You must have a risk control plan
• Establish a time routine 
Question 10 of 10
10. Question
Which of the following is not a method used by Technical analysts to determine trading systems?
Correct
Professional analysts use a variety of different forms of trading systems. Although there are numerous systems, they can be divided into four main categories: following trends, countertrend pattern recognition, and exogenous signals systems.
Incorrect
Professional analysts use a variety of different forms of trading systems. Although there are numerous systems, they can be divided into four main categories: following trends, countertrend pattern recognition, and exogenous signals systems.