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Basic Question 6 of 6
Historical sampling involves ______.
B. random sampling with replacement
C. sampling with nonrandom methods
A. random sampling with or without replacement, depending on the situation
B. random sampling with replacement
C. sampling with nonrandom methods
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
describe Monte Carlo simulation and explain how it can be used in investment applications
CFA® 2026 Level I Curriculum, Volume 1, Module 6.