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  • 8002: Mathematical Foundations of Risk Measurement :II

PRMIA 8002 Exam Questions

Status: RETIRED
Exam Name: Mathematical Foundations of Risk Measurement :II
Exam Code: 8002 P R M
Related Certification(s):
  • PRMIA Mathematical Foundations of Risk Measurement Certifications
  • PRMIA Professional Risk Managers PRM Certifications
Certification Provider: PRMIA
Actual Exam Duration: 120 Minutes
Number of 8002 practice questions in our database: 132 (updated: 09-12-2024)
Expected 8002 Exam Topics, as suggested by PRMIA :
  • Topic 1: Describe Rules of algebraic operations
  • Topic 2: Describe various forms of data
  • Topic 3: Explain the concept of differentiation.
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Chan

23 days ago
Passed PRMIA MFoRM II! Pass4Success's relevant questions made all the difference in my quick preparation.
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Shaquana

2 months ago
PRMIA MFoRM II exam conquered! Pass4Success, thank you for the efficient and effective prep materials.
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Josphine

2 months ago
Thrilled to share that I passed the PRMIA exam! The practice questions from Pass4Success were a great resource. There was a challenging question about the application of Extreme Value Theory (EVT) in risk measurement from Chapter 5. It asked how to model the tail risk of a portfolio using EVT, and I was a bit uncertain, but I still succeeded.
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Justine

3 months ago
Grateful for Pass4Success! Their practice questions were key to passing the PRMIA MFoRM II exam.
upvoted 0 times
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Leontine

3 months ago
I’m pleased to announce that I passed the PRMIA exam, and the Pass4Success practice questions were a big help. One question that I found difficult was related to the concept of risk-neutral valuation from Chapter 7. It asked how to use risk-neutral probabilities to price derivatives, and I wasn’t completely confident in my answer, but I passed nonetheless.
upvoted 0 times
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Vallie

4 months ago
PRMIA MFoRM II certified! Pass4Success, your exam prep was crucial for my success in such a short time.
upvoted 0 times
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Kathrine

4 months ago
Just passed the PRMIA Mathematical Foundations of Risk Measurement: II exam! The Pass4Success practice questions were incredibly useful. There was a tough question on the exam about the concept of stress testing from Chapter 4. It asked how to design a stress test for a financial institution, and I was a bit unsure, but I still passed.
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Iluminada

4 months ago
Any final advice for future test-takers?
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Rebbecca

4 months ago
I’m happy to report that I passed the PRMIA exam, thanks to the practice questions from Pass4Success. One question that puzzled me was about the use of GARCH models in risk measurement from Chapter 2. It asked how to estimate volatility using a GARCH model, and I wasn’t entirely sure of my answer, but I managed to pass.
upvoted 0 times
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Julio

5 months ago
Feeling accomplished! Passed PRMIA MFoRM II exam. Pass4Success, your questions were a lifesaver!
upvoted 0 times
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Terrilyn

5 months ago
My final advice would be to practice as many sample questions as possible. The exam covers a wide range of topics, so broad and deep understanding is key to success.
upvoted 0 times
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Rima

5 months ago
Excited to announce that I passed the PRMIA exam! The practice questions from Pass4Success were essential. There was a challenging question about the application of Monte Carlo simulations in risk measurement from Chapter 3. It asked how to implement a Monte Carlo simulation to estimate the risk of a portfolio, and I was a bit uncertain, but I still succeeded.
upvoted 0 times
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Silva

5 months ago
I’m thrilled to share that I passed the PRMIA Mathematical Foundations of Risk Measurement: II exam! The Pass4Success practice questions were a lifesaver. One question that caught me off guard was related to the concept of Value at Risk (VaR) from Chapter 5. It asked how to calculate VaR using historical simulation, and I wasn’t completely confident in my answer, yet I passed the exam.
upvoted 0 times
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Ezekiel

5 months ago
Comprehensive coverage. Any final thoughts or advice for future Antonios?
upvoted 0 times
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Abraham

6 months ago
Wow, the PRMIA MFoRM II was tough, but I made it! Thanks to Pass4Success for the spot-on practice materials.
upvoted 0 times
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France

6 months ago
Just passed the PRMIA exam, and I owe a lot to Pass4Success for their practice questions. There was a tricky question on the exam about the properties of copulas from Chapter 6. It asked how to use copulas to model the dependence structure between different financial assets, and I was a bit unsure about the specifics, but I still made it through.
upvoted 0 times
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Antonio

6 months ago
My advice would be to focus on practical applications of theoretical concepts. The exam tests your ability to apply knowledge to real-world risk scenarios. And definitely use Pass4Success for prep - their questions were spot on! Good luck to all future Antonios!
upvoted 0 times
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Aleta

6 months ago
I recently passed the PRMIA Mathematical Foundations of Risk Measurement: II exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the application of stochastic processes in risk measurement, specifically from Chapter 1. It asked how to model the probability distribution of asset returns over time, and I wasn't entirely sure of the correct approach, but I managed to pass regardless.
upvoted 0 times
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Mira

7 months ago
Just passed the PRMIA MFoRM II exam! Pass4Success really helped me prepare quickly with relevant questions.
upvoted 0 times
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Nakisha

8 months ago
My exam experience was successful as I passed the PRMIA Mathematical Foundations of Risk Measurement :II exam using Pass4Success practice questions. The exam included topics such as different forms of data and rules of algebraic operations. One question that challenged me was about the various forms of data, where I had to identify the type of data represented in a given scenario. Despite my uncertainty, I was able to pass the exam.
upvoted 0 times
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Lettie

9 months ago
Just passed the PRMIA Mathematical Foundations II exam! Be prepared for questions on stochastic calculus, especially Ito's lemma applications in option pricing. Study the relationship between Brownian motion and risk modeling. Thanks to Pass4Success for their spot-on practice questions - they really helped me prepare efficiently!
upvoted 0 times
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Corinne

9 months ago
I passed the PRMIA Mathematical Foundations of Risk Measurement :II exam with the help of Pass4Success practice questions. The exam covered topics like Rules of algebraic operations and various forms of data. One question that stood out to me was related to the rules of algebraic operations, where I had to simplify a complex expression involving multiple variables. Despite being unsure of my answer, I managed to pass the exam.
upvoted 0 times
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Free PRMIA 8002 Exam Actual Questions

Note: Premium Questions for 8002 were last updated On 09-12-2024 (see below)

Question #1

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

Reveal Solution Hide Solution
Correct Answer: B

Question #2

You are to perform a simple linear regression using the dependent variable Y and the independent variable X (Y = a + bX). Suppose that cov(X,Y)=10, var(X)= 5, and that the mean of X is 1 and the mean of Y is 2. What are the values for the regression parameters a and b?

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Correct Answer: D

Question #3

Let N(.) denote the cumulative distribution function and suppose that X and Y are standard normally distributed and uncorrelated. Using the fact that N(1.96)=0.975, the probability that X 0 and Y 1.96 is approximately

Reveal Solution Hide Solution
Correct Answer: B

Question #4

If a time series has to be differenced twice in order to be transformed into a stationary series, the original series is said to be:

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Correct Answer: B

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?

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Correct Answer: B

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