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PRMIA 8002 Dumps

Exam Code:
8002
Exam Name:
PRM Certification - Exam II: Mathematical Foundations of Risk Measurement
Last Update: Nov 20, 2024
132 Questions
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PRM Certification - Exam II: Mathematical Foundations of Risk Measurement Practice Questions

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PRM Certification - Exam II: Mathematical Foundations of Risk Measurement Questions and Answers

Questions 1

In statistical hypothesis tests, 'Type I error' refers to the situation in which…

Options:

A.

The null hypothesis is accepted when in fact it should have been rejected

B.

The null hypothesis is rejected when in fact it should have been accepted

C.

Both null hypothesis and alternative hypothesis are rejected

D.

Both null hypothesis and alternative hypothesis are accepted

Questions 2

Find the first-order Taylor approximation p(x) for the function: at the point .

Options:

A.

-x

B.

-x+1

C.

x-1

D.

x+1

Questions 3

Evaluate the derivative of exp(x2 + 2x + 1) at the point x = -1

Options:

A.

0.5

B.

0

C.

1

D.

2