CFA Level 1 Exam

3959 Questions

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Question No. 1

A manufacturer of headache medicine claims it is 70 percent effective within a few minutes. That is, out of

every 100 users 70 get relief within a few minutes. A group of 12 patients are given the medicine. If the claim is true, what is the probability that 8 have relief within a few minutes?
Choose the correct option from the given list.
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