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NEW QUESTION: 1
A client will move his investment account unless the portfolio manager earns at least a 10 percent rate of return on the account. The rate of return for the portfolio the portfolio manager has chosen has a normal probability distribution with an expected return of 19 percent and a standard deviation of 4.5 percent. What is the probability that the portfolio manager will keep this account?
A. 0.950
B. 1.000
C. 0.975
Answer: C
Explanation:
As a rule of thumb, two standard deviations produce a 95% confidence level. Since this question presents a one-tailed test, the probability of falling below the expected value by two standard deviations is 2.5%. Confidence interval = (19% - 10%)/4.5% = 2 standard deviations The frequency of outcomes two standard deviations less than the expected return is 2.28%. Hence, Probability of keeping the account = 1.0000 - 0.0228 = 0.9772, closest to 0.975.

NEW QUESTION: 2
A candidate has applied for an entry level internal audit position. The candidate holds a CISA (Certified Information Systems Auditor) designation, and has six months of audit experience, but limited knowledge of accounting principles and techniques. According to the IIA guidance, which of the following is the most relevant reason for the chief audit executive to consider this candidate?
A. Other internal auditors possess sufficient knowledge of accounting principles and techniques.
B. Accounting skills can be learned over time with appropriate training.
C. An entry level position does not require expertise in any particular area.
D. The candidate's information systems knowledge and real-world experience in internal auditing.
Answer: D

NEW QUESTION: 3
A Cisco Telepresence SX80 suddenly has issues displaying main video to a display over HDMI. Which command can you use from the SX80 admin CLI to check the video output status to the monitor?
A. xStatus HDMI Output
B. xStatus video Output
C. xconfiguration video Output
D. xcommand video status
Answer: B

NEW QUESTION: 4
Vulnerability assessment is an examination of the ability of a system or application, including the current security procedures and controls, to withstand assault.

What does a vulnerability assessment identify?
A. Weaknesses that could be exploited
B. Disgruntled employees
C. Physical security breaches
D. Organizational structure
Answer: A