A priori probability - Study guides, Class notes & Summaries

types of risk - correct answer -pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk - correct answer uncertainty concerning the occurrence of a loss uncertainty - correct answer probabilities cannot be estimated loss exposure - correct answer any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing plant objective...

RMI 211 EXAM 1 PRACTICE QUESTIONS AND ANSWERS What is Risk? - Answer️️ -Uncertainty regarding loss Objective Risk - Answer️️ -the relative variation of actual loss from expected loss Subjective Risk - Answer️️ -uncertainty based on a person's mental condition or state of mind (difficult to measure) objective probability - Answer️️ -Likelihood that a specific result will occur, based on hard facts and numbers a priori - Answer️️ -by logical deduction such as in games ...

types of risk - ANSWER--pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk - ANSWER-uncertainty concerning the occurrence of a loss uncertainty - ANSWER-probabilities cannot be estimated loss exposure - ANSWER-any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing plant objective risk (degree of risk) - ANSWER-...

Ways of Knowing: Authority correct answers - accept the validity of information from a source that we judge to be an expert -fast and efficient - authorities can be wrong, information can be harmful or biased Ways of Knowing: A-Priori / Use of Reason correct answers - beliefs are deduced from statements about what is thought to be true according to rules of logic - belief develops as a result of logical argument, BEFORE a person has direct experience with phenomenon at hand Ways of know...

©THEBRIGHTSTARS 2024 RMIN 4000 uga test 1 Questions With Revised Answers Types of risk - answer-pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk - answeruncertainty concerning the occurrence of a loss uncertainty - answerprobabilities cannot be estimated loss exposure - answerany situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to...

RMIN 4000 uga test 1 latest 2024 actual questions and answers with complete solution types of risk -pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk uncertainty concerning the occurrence of a loss uncertainty probabilities cannot be estimated loss exposure any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing...

BSNC 5060 FINAL Exam Questions And Answers With Verified Solutions. Control - answerThe measures used to hold uniform or constant the conditions in a research study confidence interval - answerAn estimated range of values, which are likely to include an unknown population parameter calculated from a given set of sample data. Abbreviated CI. alpha - answerConsidered an a priori probability because it is set before the data are collected. Also considered a conditional probability because th...

NSG 6692 Final study guide with Complete Solutions Mean - Correct Answer️️ -the average score within the sample; calculated by adding all the scores and dividing by the total number of scores; also called the arithmetic mean; means & standard deviations are key in data reports; only meaningful with interval/ratio data; is sensitive to extreme high and low values (outliers) Example: 2, 4, 6, 8. 2 + 4 +6 +8 =20. 20/4 = 5 Median - Correct Answer️️ -the middle score, or the point in t...

What are the 4 types of measurement scales? CORRECT ANSWER 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? CORRECT ANSWER Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types of probabilities? CORRECT ANSWER 1. Empirical Probabi...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...