CFA Level 1 Exam
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.
01 / 3959