6. What is the mean and variance of the number of bonds defaulting over the next year?a. Mean = 0.15, variance = 0.32b. Mean = 0.45, variance = 0.38c. Mean = 0.45, variance = 0.32d. Mean = 0.15, variance = 0.388 © 2015 Global Association of Risk Professionals. All rights reserved. It is illegal to reproduce this material in any format without prior written approval of GARP, Global Association of Risk Professionals, Inc.2015 Financial Risk Manager (FRM®) Practice Exam

WHAT IS THE MEAN AND VARIANCE OF THE NUMBER OF BONDS DEFAULTING OVE...

2015 FRM PRACTICE EXAM

What is the mean and variance of the number of bonds defaulting over the next year?

Mean = 0.15, variance = 0.32

Mean = 0.45, variance = 0.38

Mean = 0.45, variance = 0.32

Mean = 0.15, variance = 0.38

in any format without prior written approval of GARP, Global Association of Risk Professionals, Inc.

2015 Financial Risk Manager (FRM®) Practice Exam