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PRMIA Exam 8002 Topic 1 Question 82 Discussion

Actual exam question for PRMIA's 8002 exam
Question #: 82
Topic #: 1
[All 8002 Questions]

Which of the following statements are true about Maximum Likelihood Estimation?

(i) MLE can be applied even if the error terms are not i.i.d. normal.

(ii) MLE involves integrating a likelihood function or a log-likelihood function.

(iii) MLE yields parameter estimates that are consistent.

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Suggested Answer: D

by Tarra at Jun 21, 2024, 05:36 PM

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Emiko
10 months ago
Hold up, did they just ask for the regression parameters? I think I'm missing something here.
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Kris
10 months ago
This is easy peasy lemon squeezy. I got this in the bag! Time to show off my stats skills and impress the examiner.
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Delsie
9 months ago
You're on a roll with those stats skills!
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Rolland
9 months ago
Thanks! I knew I had it right.
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Freida
10 months ago
Nice job! That's the correct answer.
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Glendora
10 months ago
A) b=0.5, a=2.5
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Celestine
10 months ago
Wait, is this a trick question? I better double-check my work. Can't have the exam proctors pulling a fast one on me!
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Goldie
11 months ago
Alright, time to put my math skills to the test! This should be a piece of cake.
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Freeman
9 months ago
Yes, that's correct! Good job!
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Nobuko
9 months ago
I think the answer is A) b=0.5, a=2.5
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Heidy
9 months ago
A) b=0.5, a=2.5
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Nobuko
9 months ago
That's correct! Good job!
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Della
10 months ago
I think the answer is A) b=0.5, a=2.5
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Dick
10 months ago
A) b=0.5, a=2.5
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Adelina
11 months ago
I think the answer is D) b=2, a=0 based on the means of X and Y
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Louann
11 months ago
I'm leaning towards C) b=2, a=4 because of the covariance and variance values
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Belen
12 months ago
I disagree, I believe the answer is B) b=0.5, a=1.5
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Felix
12 months ago
I think the answer is A) b=0.5, a=2.5
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Anisha
12 months ago
Hmm, this seems like a straightforward linear regression problem. Let me think through this step-by-step.
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Milly
11 months ago
C) b=2, a=4
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Jina
11 months ago
B) b=0.5, a=1.5
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Amina
11 months ago
A) b=0.5, a=2.5
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