GAQM Exam APM-001 Topic 5 Question 49 Discussion

Actual exam question for GAQM's APM-001 exam

Question #: 49
Topic #: 5

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

ASensitivity analysis

BThree-point estimate

CModeling and simulation

DExpected monetary value analysis

Show Suggested Answer

Suggested Answer: D

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

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5 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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5 months ago

I was thinking it could be C) Modeling and simulation because it also deals with various scenarios.

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5 months ago

Expected monetary value analysis calculates the average of all possible future outcomes, which fits the description.

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6 months ago

why do you think that?

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6 months ago

It's definitely challenging. But I think the answer might be D) Expected monetary value analysis.

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6 months ago

This question seems tricky to me. I'm not sure what the best answer is.

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