PRMIA Exam 8002 Topic 1 Question 95 Discussion

Actual exam question for PRMIA's 8002 exam

Question #: 95
Topic #: 1

[All 8002 Questions]

On average, one trade fails every 10 days. What is the probability that no trade will fail tomorrow?

A0.095

B0.905

C0.95

D0.100

Show Suggested Answer

Suggested Answer: B

by Tracey at Nov 13, 2024, 01:29 AM

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Reed

13 days ago

This is a tricky one! I hope the exam doesn't have too many questions like this, or I'll be trading my diploma for a burger and fries.

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Joaquin

17 days ago

Wait, isn't the probability of no trade failing just the complement of the probability of a trade failing? So the answer should be D, 0.100.

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Janine

6 days ago

So the answer is D, 0.100.

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Jolene

8 days ago

Yes, you are correct. The probability of no trade failing is the complement of the probability of a trade failing.

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Corinne

25 days ago

I thought the question was about the probability of a trade failing, not the probability of no trade failing. Doesn't that mean C is the correct answer?

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Rueben

30 days ago

I'm not sure, but I think the answer is B) 0.905 because the probability of a trade failing is low.

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Josue

1 months ago

The probability of no trade failing tomorrow is the same as the probability of a trade not failing, which is 0.905. B is the correct answer.

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Aimee

1 months ago

I agree with Janna. The probability of no trade failing tomorrow is high.

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Janna

1 months ago

I think the answer is B) 0.905.

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