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GAQM Exam APM-001 Topic 5 Question 49 Discussion

Actual exam question for GAQM's APM-001 exam
Question #: 49
Topic #: 5
[All APM-001 Questions]

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

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Suggested Answer: D

by Bettina at Apr 30, 2024, 10:50 PM

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Gearldine
7 months ago
I remember learning that expected monetary value analysis is specifically designed for averaging outcomes. I'll go with D) as well.
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Shasta
7 months ago
I was thinking it could be C) Modeling and simulation because it also deals with various scenarios.
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Jolene
7 months ago
Expected monetary value analysis calculates the average of all possible future outcomes, which fits the description.
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Lettie
8 months ago
why do you think that?
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Jolene
8 months ago
It's definitely challenging. But I think the answer might be D) Expected monetary value analysis.
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Jolene
8 months ago
This question seems tricky to me. I'm not sure what the best answer is.
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