PRMIA Exam 8007 Topic 1 Question 65 Discussion

Actual exam question for PRMIA's Mathematical Foundations of Risk Measurement ? 2015 Edition exam

Question #: 65
Topic #: 1

A 95% confidence interval for a parameter estimate can be interpreted as follows:

AThe probability that the real value of the parameter is within this interval is 95%.

BThe probability that the real value of the parameter is outside this interval is 95%.

CThe probability that the estimated value of the parameter is within this interval is 95%.

DThe probability that the estimated value of the parameter is outside this interval is 95%.

Show Suggested Answer

Suggested Answer: A

by Hubert at Jan 27, 2024, 07:39 PM

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