lOMoARcPSD|8337088

Quantitative Proficiency Test 2

Finance (WorldQuant University)

StuDocu is not sponsored or endorsed by any college or university

Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

My courses ▶ Quantitative Pro ciency Test ▶ Take the Test ▶ Quantitative Pro ciency Test

Started on Monday, 11 November 2019, 1:44 AM

State Finished
Completed on Monday, 11 November 2019, 4:22 AM
Time taken 2 hours 38 mins
Marks 33/40
Grade 83 out of 100
Feedback Congratulations!
You have successfully completed the Quantitative Pro ciency Test with a passing grade and have been
conditionally accepted into the MSc in Financial Engineering program. A con rmation with further
instructions has been sent to your email address.

Please proceed with your application.

Information
This section of the quiz will test your mathematical pro ciency.

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 1/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 1
Let x0 ∈ R be the value of x ∈ R that maximizes the function f : R → R de ned by
for every x ∈ R,
Correct 2
 f (x) := e x −( −1)
Mark 1 out of 1
 and y0 := f (x0 ) be the value of this maximum. Then x0 + y0 is

Select one:
1
2e−1

2
e−1

Question 2
The value of the limit 
Correct sin 2x
lim  is
x→0 x
Mark 1 out of 1

Select one:
∞

1/2
2

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 2/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 3
Let x0 ∈ (0, ∞) be the value of x ∈ (0, ∞) that maximizes the function f : (0, ∞) → R de ned by
Correct
 f (x) := ln x/x for every x ∈ (0, ∞),
Mark 1 out of 1  and y0 := f (x0 ) be the value of this maximum. Then the product x0 y0 is

Select one:
e

1
1/e

Question 4
Evaluate
e
Correct
 ∫1 ln x dx
Mark 1 out of 1

Select one:
−e

1
e

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 3/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 5
Evaluate
Correct
 ∫0
π/2 x cos x dx.
Mark 1 out of 1

Select one:
1
π/2 − 1

π
-1

Question 6
Let A, B and C be square invertible matrices of the same size. If C has no eigenvalue equal to -1, then
Incorrect
 (AB ACB
+ ) −1 is equal to
Mark 0 out of 1

Select one:
( + I C) B A
−1 −1 −1


A B(I + C )
−1 −1

B (I + C ) A
−1 −1 −1

( + I C ) BA
−1 −1

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 4/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 7
Let
Correct

Mark 1 out of 1
 A := ( 2 5 )
1 7
 and λ and λ be its (not necessarily distinct) eigenvalues. Then det(A) + λ
1 2 1 + λ 2 is

Select one:
22

0
2+ i
18 

Question 8
Let f : R → R and g : R → [0, ∞) be de ned by
Correct
f (x) = g(x) : x for every x ∈ R .
2

Mark 1 out of 1

 Consider the following statements:

f
[i.]  is one-to-one
f
[ii.] is onto
g
[iii.] is one-to-one
g
[iv.] is onto
 
 Which of the statements are true?

Select one:
None of the statements
iv. 
ii. and iv.

All of the statements

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 5/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 9
The solution to the following differential equation
Correct
 y ′′ + 3y ′ − 4y = 0,  y(0) = 5, y ′ (0) = 0
Mark 1 out of 1  is

Select one:
y(t) = 4et + e−4t


y(t) = e−4t

y(t) = 4et

y(t) = 5

Question 10
The complex number z = 3 + 4i can also be written as z = reiθ , where
Correct

Mark 1 out of 1 Select one:

4
r = 5, θ = arctan 3


r = 5, θ = π/4

4
r = 25, θ = arctan 3

r = 3, θ = 4

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 6/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 11

Incorrect
The following series ∑ ∞ 3
n=1 n!
n

Mark 0 out of 1

Select one:
converges to e − 1

diverges to ∞

converges to e3


converges to e3 − 1

Question 12 n
2
The value of lim
n!
is
Correct n→∞

Mark 1 out of 1
Select one:
0. 
∞.

1.
2.

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 7/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 13
An island consists of four kinds of people: Tetas, Jekas, Frekas and Hekas. The following information is
Incorrect
known:
Mark 0 out of 1
Every Heka is either a Teta or a Jeka, but not both
All Frekas are Jekas
No Frekas are Tetas

Consider the following statements:

[i.] No Tetas are Jekas

[ii.] Some Hekas are Frekas

Which of these statements are necessarily true based only on the information above?

Select one:
Only ii. 
All the statements
None of the statements

Only i

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 8/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 14
Consider the following statements concerning a positive integer n:
Incorrect

Mark 0 out of 1 [i.] if n is a multiple of 9, then n2 is a multiple of 3

[ii.] if n2 is a multiple of 7, then n is a multiple of 7
[iii.] if n2 is a multiple of 14, then n is a multiple of 7

Which of the statements are true?

Select one:
All the statements

i. and ii. 
i. and iii.
None of the statements

Question 15
Let f : R
2
→ R be de ned by
Correct
f ((x, y)) := x 2
+ 2y − 3xy, for every x, y) ∈
2
R
2
.
Mark 1 out of 1

 The value of fx ((0, 0)) + fy ((0, 0)) + fxy ((0, 0)) is:

Select one:
0
Unde ned
-3 

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 9/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 16
Let
Incorrect
I := ∬D 2 dA,
Mark 0 out of 1  where D is the interior of the region bounded by the curves y = x2 $ and y = x3 with x ≥ 0 and y ≥ 0.
The value of I is

Select one:
1/3
1/6
2/3
3/4 

Question 17
Evaluate
∫0 ∫x sin(y 2 ) dydx 
Correct 1 1
Mark 1 out of 1
by changing the order of the integral. The answer is

Select one:
1 − sin 1

cannot be determined
1 (1 − cos 1)
2


cos 1

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 10/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 18
Evaluate
Correct ∞ ∞ 3
 ∫0 ∫y 2ye−x dxdy
Mark 1 out of 1
 by changing the order of the integral. The answer is

Select one:
1
1
3


e

1
2

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 11/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 19
For each n = 1, 2, 3, …, de ne
Correct
fn (x) := x(1 − x2n ), for every x ∈ [−1, 1] .
Mark 1 out of 1

 Then the function f de ned by

f (x) := lim fn (x)
n→∞
 exists for each x ∈ [−1, 1] and is equal to

Select one:
x |x| < 1
f (x) = {
0 |x| = 1


f (x) = x

|x| < 1
f (x) = {
0
1 |x| = 1

f (x) = 0

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 12/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 20
Consider the following partial differential equation (PDE):
Correct
  ∂ u2 − ∂2 u
2
=0
∂x ∂y 2
Mark 1 out of 1

 where u = u(x, y) is the unknown function.

 De ne the following functions:
u1 (x, y) := cos(2xy),  u2 (x, y) = sin(x2 y) and  u3 (x, y) = e−(x +y 2 )
2
.

 Which of these functions are solutions to the above PDE?

Select one:
Only u3 .

None of the functions. 

u1 and u3

All the functions.

Information
This section will test your statistical pro ciency.

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 13/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 21
A bag contains 50 balls, of which 20 are red and 30 are green. The average (mean) mass for all the balls is x̄
Correct
x̄
kg, and the mean mass for the red balls is R kg. The mean mass for the green balls G is x̄
Mark 1 out of 1

Select one:
30x̄+20x̄R
50

50x̄−30x̄R
20

30x̄−20x̄R
50

50x̄−20x̄R
30


Question 22
 A group of 10 students received the following marks for a test:
Correct
  58, 89,65, 78, 55,26,93,46,43,59. 
Mark 1 out of 1  The standard deviation of their marks is (to two decimal places)

Select one:
3745.44
61.20
20.91 
437.29

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 14/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 23
A magician has 20 coins in his pocket. Twelve of these coins are normal fair coins (with one head and one
Incorrect
tail) and eight are defective coins with heads on both sides. The magician randomly draws a coin from his
Mark 0 out of 1 pocket and ips it. Given that the ipped coin shows a head, what is the probability that it is defective?

Select one:
1

1/2
8/20 
4/7

Question 24
A bag contains 20 balls: 8 red balls and 12 blue balls. Six of these balls are classi ed as "heavy", and three of
Correct
the heavy balls are red. If a ball is chosen at random from the bag, what is the probability that it is red or
Mark 1 out of 1 heavy?

Select one:
14/30
11/20 
8/30
6/30

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 15/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 25
A jar contains 5 red balls and 12 blue balls. Two balls are drawn at random from the hat without replacement.
Correct
What is the probability that both balls drawn are red?
Mark 1 out of 1

Select one:
5/17
(52)
( 172)


(52)
( 122)

10/17

Question 26
A magician has a collection of 52 cards, with 26 red and 26 black cards. Four of these cards are classi ed as
Correct
'special', and two of the special cards are red. If a card is chosen at random from the 52 cards, what is the
Mark 1 out of 1 probability that the card is special or red?

Select one:
26/52
2/52
28/52 

4/52

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 16/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 27
A class has 30 girls and 22 boys. A teacher selects 15 students at random from the class to participate in a
Correct
competition. What is the probability that out of the 15 selected students, 6 of them are boys?
Mark 1 out of 1

Select one:
6
15

( 156)( 309)
( 52
15)

( 226)( 309)
( 22
15)

( 226)( 309)
( 52
15)

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 17/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 28
The random variable X has the following probability density function:
Correct
 fX (x) = { 0
c
x2
1≤ x<∞
Mark 1 out of 1
elsewhere

 where c > 0 is a constant. Find P(X > 25).

Select one:
1
1/25 
1/252

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 18/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 29
The random variable X has the following probability density function:
Correct
 fX (x) = {
x 6 (1 − x) 0 ≤ x ≤ 1
Mark 1 out of 1
0 elsewhere.

 Find E(X) and Var(X).

Select one:
E(X) = 0, Var(X) = 1

E(X) = 1/2, Var(X) = 1

E(X) = 1/2, Var(X) = 1/20


E(X) = 1/2, Var(X) = 3/10

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 19/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 30
The random variables X and Y have the following joint probability density function:
fXY (x, y) = { e0 0 < x < ∞,  0 < y < ∞
Correct x y
− −

Mark 1 out of 1
 
elsewhere.

 What is P( X < Y )?
Select one:
1/2 
e −1

Question 31
The random variables X and Y have the following joint probability density function:
<x<y<1
Correct

Mark 1 out of 1 fXY (x, y) = { 20 0elsewhere.

 Find the conditional distribution of X given Y and use it to calculate P(X > 0.5|Y = 0.7).

Select one:
1

2/7 
2/3
0

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 20/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 32
The random variablesX and Y have the following joint probability density function:
4xy 0 < x < 1,  0 < y < 1
Correct

Mark 1 out of 1
 fXY (x, y) = {
0 elsewhere.

 What is Cov( X, Y ) ?
Select one:
0
2
1

-1

Question 33

Incorrect
The non-negative integer-valued discrete random variable X has the following probability generating
function:
Mark 0 out of 1 GX (s) = 1
2− s.
 
 Find P( X < 2) .
Select one:
1/8
1/4
1/2 
3/4

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 21/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 34
X
The random variable has the following moment generating function:
Correct

Mark 1 out of 1
 MX t
( )=
1
1− t
,   < 1. t
 Find E(X) and Var(X).
Select one:
E(X) = ∞, Var(X) = ∞

E(X) = 1/2, Var(X) = 3/10

E(X) = 1, Var(X) = 1

E(X) = 0, Var(X) = 1

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 22/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 35
Let 1X ,X ,X
2 3 be a random sample from the distribution of the random variable with a normalX
Correct
μ
distribution with unknown mean parameter and variance 1. De ne the following estimators for :
X1 +X2 +X3 ,  μ^
μ
Mark 1 out of 1
 μ^1 := 3 2 := X1 + X2 + X3 ,  and μ^3 := 2X + 3X
5 1 5 2
 
 Rank the estimators from the one with the smallest variance to the one with the largest variance.

Select one:
μ^1 , μ^3 , μ^2

μ^2 , μ^3 , μ^1
μ^1 , μ^2 , μ^3
μ^3 , μ^1 , μ^2

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 23/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 36

Correct
X X n
Let 1 , . . . , n ( ≥ 2) be a random sample from the distribution of the random variable X with the
following probability density function:
Mark 1 out of 1
 fX (x) = {
λ xe λx x > 0
2 −

0 elsewhere.

 where λ > 0 is an unknown parameter. The maximum likelihood estimator of λ is

Select one:
2
∑ni =1 Xi

2 ∑ni =1
Xi
n
∑ni
2
=1 Xi


2
n ∑ni =1
Xi

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 24/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 37
X , . . . , X (n ≥ 2)
Let 1 n X
be a random sample from the distribution of the random variable with a normal
Correct
μ 2 μ
^1 := n ∑i=1 Xi ,  μ^2 := ∑i=1 Xi ,  and μ^3 := 5 X1 + 35 X2
distribution with unknown mean parameter and variance 1. De ne the following estimators for :
Mark 1 out of 1  μ
1 n n
 
 Which of these estimators are unbiased?

Select one:
a. All of them
b. None of them
c. μ^1 andμ^3

d. Only μ^1

Question 38
Let X1 , . . . , X16 be a random sample from a normal distribution with unknown mean μ and known
Correct
variance 2 σ = 81
. A sample 1 x , … , x16 is collected and the sample mean from this sample is calculated to
Mark 1 out of 1 be x̄ = 8
. Based on this sample, a 95% con dence interval for μ is

Select one:
(−∞, 8)
(3.59,12.41) 
(0,8)
(8, ∞)

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 25/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 39
Let 1X , . . .2, X36 be a random sample from a normal distribution with unknown mean μ and known
Correct
variance σ = 121. A sample x1 , . . . , x36 is collected and the sample mean from this sample is calculated
Mark 1 out of 1 to be x̄ = 22. Based on this sample, a 95% con dence interval for μ is

Select one:
(0, ∞)
(18.41,25.59) 
(22, ∞)
(0,22)

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 26/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

Question 40
The random variables X and Y are believed to be linearly related by the equation
Correct
Y = a + bX + ϵ,
Mark 1 out of 1  
 where a and b are constants and ϵ is a mean zero, normally distributed error term. The following sample of
pairs (x, y) is collected:

x   10   20   30   40   50   60   70
y    5   10   23   34   40   54   75
 Using the method of least squares, calculate the values of a and b to 3 decimal places.

Select one:
a = 10.571, b = −1.125
a = 65.587, b = −87.214
a = 0, b = 1
a = −10.571, b = 1.125


To continue, please rate your

Jump to... experience of the application
process ►

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 27/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)
 lOMoARcPSD|8337088

11/11/2019 Quantitative Proficiency Test

https://masters.wqu.org/mod/quiz/review.php?attempt=158072&cmid=26003 28/28
Downloaded by Nabeel Shahzad (nabeelshahzad664@gmail.com)