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Fourteen Multiple Choice Mathematical Finance Questions. See Attached.

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Solution Summary

Detailed solutions are provided to fourteen multiple choice mathematics/finance questions. Topics include Hurwicz criterion, maximax, minimax, exponential moving averages, break-even analysis, Z-scores, probability, maximum likelihood, equal likelihood, random variables.
This would be an excellent practice exercise (with detailed solutions to check student's answers) for an introductory level probability/finance course.