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PRMIA Exam 8007 Topic 1 Question 74 Discussion

Actual exam question for PRMIA's Mathematical Foundations of Risk Measurement ? 2015 Edition exam
Question #: 74
Topic #: 1
[All Mathematical Foundations of Risk Measurement ? 2015 Edition Questions]

A 95% confidence interval for a parameter estimate can be interpreted as follows:

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Suggested Answer: A

by Jame at May 31, 2024, 01:10 PM

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Alease
2 months ago
Maybe the real question is, 'which answer will make you the most confident?'
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Raymon
2 months ago
This question is a real head-scratcher! I'm just going to close my eyes and point to an answer - it's as good a strategy as any.
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Theodora
2 months ago
I'm not too sure about this, but I think B is the correct answer. The interval is telling us about the probability of the real value being outside it, not inside.
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Krissy
26 days ago
Actually, you're right. A is the correct answer. The 95% confidence interval gives us the probability that the real value is within the interval.
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Cyndy
1 months ago
I think A is the correct answer. The interval is telling us the probability of the real value being within it.
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Cletus
2 months ago
I'm going with C. The interval is about the estimated value, not the real value, so the probability should be for the estimated value, not the real one.
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Stefany
1 months ago
Yeah, C makes sense. It's all about the estimate within the interval.
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Paris
2 months ago
I think C is correct too. It's about the estimated value.
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Adelina
2 months ago
Option A seems the most intuitive to me. I mean, if it's a 95% confidence interval, then the real value should be within that range 95% of the time, right?
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Jordan
1 months ago
User 3: Option A is definitely the correct interpretation.
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Gertude
2 months ago
User 2: Yeah, that's how I interpret it too.
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Linwood
2 months ago
User 1: I agree, option A makes the most sense.
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Nickolas
3 months ago
I agree with Ressie. A makes sense because it's about the real value of the parameter.
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Ressie
3 months ago
I think the correct answer is A.
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