Monte carlo Study guides, Class notes & Summaries

An asset-pricing model that attempts to explain how investors should behave is a(n): - ANSWER-normative model. Normative models attempt to explain how investors should behave. Positive models attempt to explain how investors do behave. Theoretical models use assumptions and logic, while empirical models are based on historically observed behavior. Henry Thompson examines a sample of returns for a private equity fund and finds that the sample excess kurtosis equals 3. Regarding the private ...

strategic risk - ANSWER-uncertainties associated with the organizations long term goals and management decisions operational risk - ANSWER-uncertainties associated with the organizations procedures, systems, and policies predictive modeling definition - ANSWER-vastly more and better data coupled with newer sophisticated software tools that analyze and predict outcomes IoA definiton - ANSWER-the network of smart devices that sense the environment and process ands share data covariance...

CIMA Cert Exam Study Guide the average squared difference between the mean and each item in the population or sample - variance measure of dispersion expressed as the square root of the variance; measure of volatility and the dispersion from an average; used in CAL, Sharpe, M2 and IR - standard deviation describes asymmetry of data points from a normal distribution - skewness measures the peakedness of probability distribution or normal distribution curve -positive - more slender,...

Why are Monte Carlo simulations used in program schedule analysis? 10.2 - Answer- To find the cumulative effect of multiple risks on total project schedule duration or total project cost A shortage of steel has caused a delay in one of the tasks until the material is available. The original plan estimated the material to be available in 6 weeks, but the shortage continues. What would be an appropriate step in tracking and managing this issue? 15.3 - Answer- Adjust the corrective action plan a...

ARM 401 Exam Practice Questions and Answers All Correct A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated - Answer-C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential ...

Why is it important to collaborate with contractors on risk management (RM)? -Most issues begin with the contractor, so it is essential for the government to prevent risks (NOT) Which of the following are typical sources of framing assumptions (FAs)? (Select all that apply.) - - Technological and engineering challenges -Interdependencies with other programs -Cost, schedule, and requirements tradeoffs During which phase should you be building and maintaining robust stakeholder relationships...

ARM 401 Exam Practice Rated 100% Correct Latest Update A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated -Ans C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential loss of suppl...

Math 100 Chapter 5 & 6Bedford's Law - correct answer Based on observation/ empirical law regarding leading digits & numbers American roulette - correct answer 36 numbered slots (18 black, 18 red) 2 green slots European roulette - correct answer 36 numbered slots, 1 green slot select color, what is chance of winning? - correct answer 18/38(American) 18/37(European) Jagger and roulette in Monte Carlo - correct answer Jagger won a bunch of money counting in Monte Carlo The Martingal...

Which of the following is a step of the Department of Defense (DoD) Risk Management Process? - Answer- -Registration -Sourcing -*Mitigation* -Tracking Which of the following is a critical success factor to ensure effective risk management (RM)? - Answer- -Researching best practices -Assembling the most qualified personnel for the team -Establishing priority risk categories -*Program Risk Process (PRP) Document* The following describes which type of category of risk: Certification for...

CLM 017 Questions and Answers Already Passed Why is it important to collaborate with contractors on risk management (RM)? Most issues begin with the contractor, so it is essential for the government to prevent risks (NOT) Which of the following are typical sources of framing assumptions (FAs)? (Select all that apply.) -Technological and engineering challenges -Interdependencies with other programs -Cost, schedule, and requirements tradeoffs During which phase should you be building and maintai...