GAQM Exam APM-001 Topic 6 Question 54 Discussion

Actual exam question for GAQM's APM-001 exam

Question #: 54
Topic #: 6

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 Milly at Jul 05, 2024, 04:40 AM

Limited Time Offer

25%

Off

Get Premium APM-001 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Karl

4 months ago

Expected monetary value analysis, huh? Sounds like a fancy way of saying 'guessing how much money you might make.' I'll go with that.

upvoted 0 times

Daniela

2 months ago

Exactly, it helps in decision-making by considering the probabilities of different outcomes.

upvoted 0 times

...

In

2 months ago

So it's like making an educated guess about future financial outcomes.

upvoted 0 times

...

Felicia

2 months ago

Yeah, it's basically calculating the average outcome when there are different scenarios.

upvoted 0 times

...

Starr

2 months ago

I think expected monetary value analysis is like predicting how much money you could make.

upvoted 0 times

...

Marge

4 months ago

I'm a little stumped on this one. The wording is tricky. Maybe I'll just go with my gut and choose C. Modeling and simulation.

upvoted 0 times

Mendy

4 months ago

I'm leaning towards B. Three-point estimate.

upvoted 0 times

...

Frederica

4 months ago

I think it might be D. Expected monetary value analysis.

upvoted 0 times

...

Lai

4 months ago

I'm going with B. Three-point estimate. It's all about estimating the best, worst, and most likely outcomes, right?

upvoted 0 times

...

Matthew

4 months ago

Hmm, I'm not sure. Could it be C? Modeling and simulation can also involve calculating average outcomes for different scenarios.

upvoted 0 times

Tijuana

3 months ago

I'm not sure, but A) Sensitivity analysis could also be a possibility.

upvoted 0 times

...

Carlota

4 months ago

I agree with you, D) Expected monetary value analysis makes sense.

upvoted 0 times

...

Louann

4 months ago

I'm leaning towards B) Three-point estimate.

upvoted 0 times

...

Bobbie

4 months ago

I think it might be D) Expected monetary value analysis.

upvoted 0 times

...

Dortha

4 months ago

I believe the correct answer is D) Expected monetary value analysis because it takes into account the probabilities of different outcomes.

upvoted 0 times

...

Kallie

5 months ago

I think the answer is D. Expected monetary value analysis. It seems to fit the description of calculating the average outcome across different scenarios.

upvoted 0 times

Kaitlyn

4 months ago

Yes, it takes into account different scenarios to calculate the average outcome.

upvoted 0 times

...

Arthur

4 months ago

I agree, Expected monetary value analysis is the correct answer.

upvoted 0 times

...

Howard

5 months ago

I'm not sure, but I think C) Modeling and simulation could also be a valid option.

upvoted 0 times

...

Amos

5 months ago

I agree with Francine, Expected monetary value analysis calculates the average outcome considering different scenarios.

upvoted 0 times

...

Francine

5 months ago

I think the answer is D) Expected monetary value analysis.

upvoted 0 times

...