PRMIA Mathematical Foundations of Risk Measurement :II Exam

Certification Provider: PRMIA

Exam Name: Mathematical Foundations of Risk Measurement :II

Duration: 120 Minutes

Number of questions in our database: 132

Exam Version: Mar. 13, 2023

Exam Official Topics:

Topic 1: Describe Rules of algebraic operations
Topic 2: Describe various forms of data
Topic 3: Explain the concept of differentiation.

Free PRMIA Mathematical Foundations of Risk Measurement :II Exam Actual Questions

The questions for Mathematical Foundations of Risk Measurement :II were last updated On Mar. 13, 2023

Question #1

Newton-Raphson iteration is used to find a solution of x5 - x3 + x = 1. If xn = 2, what is xn+1?

A2.362

B1.623

C1.638

D0.377

Reveal Solution

Correct Answer: C

Question #2

The gradient of a smooth function is

Aa vector that shows the direction of fastest change of a function

Bmatrix of second partial derivatives of a function

Cinfinite at a maximum point

Da matrix containing the function's second partial derivatives

Reveal Solution

Correct Answer: A

Question #3

The Newton-Raphson method

Ais based on finding a middle point between left and right end of the search interval

Bis based on Taylor series and uses the first derivative

Ccan be used for continuous but not differentiable functions

Ddoes provide an error bound along with every iteration

Reveal Solution

Correct Answer: B

Question #4

The gradient of a smooth function is

Aa vector that shows the direction of fastest change of a function

Bmatrix of second partial derivatives of a function

Cinfinite at a maximum point

Da matrix containing the function's second partial derivatives

Reveal Solution

Correct Answer: A

Question #5

A linear regression gives the following output:

Figures in square brackets are estimated standard errors of the coefficient estimates.

What is the value of the test statistic for the hypothesis that the coefficient of is less than 1?

A0.32

B0.64

C0.96

D1.92

Reveal Solution

Correct Answer: B

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