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Q-75. Given the following losses beyond VaR level: USD 9, 10, 11, 13, 15, 18, 21, 24, 32 million, what is the Conditional VaR (CVaR)? | Financial Risk Manager Part 1 Quiz - LeetQuiz

Financial Risk Manager Part 1

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Explanation:

A is incorrect: This is the minimum
B is incorrect: This is the maximum
C is incorrect: This is the median
D is correct: Conditional VaR is the "mean" of the losses beyond the VaR level

Calculation: Conditional VaR = (9 + 10 + 11 + 13 + 15 + 18 + 21 + 24 + 32) / 9 = 17 million

This represents the average loss that occurs when the VaR threshold is exceeded.

Explanation:

A is incorrect: This is the minimum
B is incorrect: This is the maximum
C is incorrect: This is the median
D is correct: Conditional VaR is the "mean" of the losses beyond the VaR level

Calculation: Conditional VaR = (9 + 10 + 11 + 13 + 15 + 18 + 21 + 24 + 32) / 9 = 17 million

This represents the average loss that occurs when the VaR threshold is exceeded.

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Q-75. Given the following losses beyond VaR level: USD 9, 10, 11, 13, 15, 18, 21, 24, 32 million, what is the Conditional VaR (CVaR)?

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Last updated: July 15, 2026 at 14:06

Minimum of losses

0.0%

Maximum of losses

20.0%

Median of losses

Mean of losses beyond VaR level

80.0%

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