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PRMIA Exam 8002 Topic 1 Question 95 Discussion

Actual exam question for PRMIA's 8002 exam
Question #: 95
Topic #: 1
[All 8002 Questions]

On average, one trade fails every 10 days. What is the probability that no trade will fail tomorrow?

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Suggested Answer: B

by Tracey at Nov 13, 2024, 01:29 AM

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Reed
7 months ago
This is a tricky one! I hope the exam doesn't have too many questions like this, or I'll be trading my diploma for a burger and fries.
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Michal
6 months ago
D) 0.100
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Erick
6 months ago
C) 0.95
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Adelle
6 months ago
B) 0.905
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Chau
7 months ago
A) 0.095
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Joaquin
7 months ago
Wait, isn't the probability of no trade failing just the complement of the probability of a trade failing? So the answer should be D, 0.100.
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Janine
7 months ago
So the answer is D, 0.100.
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Jolene
7 months ago
Yes, you are correct. The probability of no trade failing is the complement of the probability of a trade failing.
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Corinne
7 months ago
I thought the question was about the probability of a trade failing, not the probability of no trade failing. Doesn't that mean C is the correct answer?
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Leontine
6 months ago
D) 0.100
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Minna
6 months ago
C) 0.95
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Anika
6 months ago
B) 0.905
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Jade
7 months ago
A) 0.095
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Rueben
8 months ago
I'm not sure, but I think the answer is B) 0.905 because the probability of a trade failing is low.
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Josue
8 months ago
The probability of no trade failing tomorrow is the same as the probability of a trade not failing, which is 0.905. B is the correct answer.
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Dacia
6 months ago
Exactly, B) 0.905 is the correct answer.
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Emeline
6 months ago
So, the probability of no trade failing tomorrow is 0.905.
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Shenika
6 months ago
That makes sense, since the probability of no trade failing is the same as a trade not failing.
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Gilberto
7 months ago
I think the answer is B) 0.905.
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Aimee
8 months ago
I agree with Janna. The probability of no trade failing tomorrow is high.
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Janna
8 months ago
I think the answer is B) 0.905.
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