CFA Level 1 Exam

3959 Questions

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Question No. 1

Three young children approach a gum ball machine, each with a nickel to spend. The machine has just been

filled with 50 black, 150 white, 100 red and 100 yellow balls that have been thoroughly mixed. Sue and Jim
approached the machine first. They both said they wanted red gum balls. What is the likelihood they both will
get their wish?
Choose the correct option from the given list.
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