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CIMAPRA17-BA2-1 Exam - Topic 1 Question 37 Discussion

The possible returns and associated probabilities of two independent projects are as follows:It has been decided that both projects are to be launched.Which TWO of the following statements are correct? (Choose two.)
B) The probability of the total return being a loss is 0.10. and D) The probability of the total return being a gain is less than 1.00.
A) The expected value of the total return is $41,500 gain.
C) The probability of making a total return of exactly $5,000 gain is 0.02.
E) The expected value of the total return is $40,000 gain.

CIMAPRA17-BA2-1 Exam - Topic 1 Question 37 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 37
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

The possible returns and associated probabilities of two independent projects are as follows:

It has been decided that both projects are to be launched.

Which TWO of the following statements are correct? (Choose two.)

Show Suggested Answer Hide Answer
Suggested Answer: B, D

by Helene at Jun 26, 2022, 11:18 AM

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Rose
10 months ago
The probability of a gain being less than 1.00 is definitely true.
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Margarita
10 months ago
Wait, is the expected value really $40,000? That seems off!
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Reena
10 months ago
I think the probability of a loss is actually higher than 0.10.
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Simona
11 months ago
Totally agree, that makes sense!
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Silva
11 months ago
The expected value of the total return is $41,500 gain.
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Shad
11 months ago
I’m pretty sure the expected value is $40,000, but I can't remember how we arrived at that figure. I hope I didn't mix it up with another practice question!
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Dahlia
11 months ago
I’m a bit confused about the probabilities. I remember that the total gain probability should be less than 1.00, but I can't recall the exact numbers for the gains.
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Natalya
11 months ago
I think the expected value calculation might be tricky; I remember something about adding the weighted returns, but I'm not sure if it's $41,500 or $40,000.
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Dusti
11 months ago
I feel like I saw a similar question where we had to calculate probabilities for total returns. I think the probability of a loss being 0.10 sounds plausible.
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Lorenza
11 months ago
This seems like a straightforward question about contract law. I think the answer is A - affirmation of the contract, since the buyer is choosing to continue the contract despite the breach.
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Sharee
11 months ago
This seems like a straightforward question about transaction elapsed time. I think I'll go with option B - response time + think time.
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Vi
11 months ago
I'm pretty confident the answer is C. The Module Management Tool sounds like it would be the right tool for installing and managing AMP files.
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Carlee
11 months ago
This looks like a straightforward project management question. I'll focus on the key terms like "formalize the acceptance" and think about the processes that are used to officially approve deliverables.
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