Free CFA Level I Flashcards

Try our free CFA Level I Flashcards below to get a feel for just how easy it can be to study on-the-go.

Identify the two defining properties of probability, including mutually exclusive and exhaustive events, and compare and contrast empirical, subjective, and a priori probabilities.

The two properties of probability are as follows:

  • The sum of the probabilities of all possible mutually exclusive events is 1.
  • The probability of any event cannot be greater than 1 or less than 0.
A priori probability measures predetermined probabilities based on well-defined inputs; empirical probability measures probability from observations or experiments; and subjective probability is an informed guess.

Your Progress: 0 of 23

Tips and Strategies to Make the Most of Flashcards

Whether using the physical cards out or accessing them on your mobile device, CFA Level I Flashcards are a quick and easy way to sort through curriculum topics and prioritize them based on your proficiency level.

Get All 595 Flashcards