GAQM Exam APM-001 Topic 6 Question 54 Discussion

Actual exam question for GAQM's APM-001 exam

Question #: 54
Topic #: 6

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

ASensitivity analysis

BThree-point estimate

CModeling and simulation

DExpected monetary value analysis

Show Suggested Answer

Suggested Answer: D

by Milly at Jul 05, 2024, 04:40 AM

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Karl

4 months ago

Expected monetary value analysis, huh? Sounds like a fancy way of saying 'guessing how much money you might make.' I'll go with that.

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Daniela

3 months ago

Exactly, it helps in decision-making by considering the probabilities of different outcomes.

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In

3 months ago

So it's like making an educated guess about future financial outcomes.

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Felicia

3 months ago

Yeah, it's basically calculating the average outcome when there are different scenarios.

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Starr

3 months ago

I think expected monetary value analysis is like predicting how much money you could make.

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Marge

5 months ago

I'm a little stumped on this one. The wording is tricky. Maybe I'll just go with my gut and choose C. Modeling and simulation.

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Mendy

4 months ago

I'm leaning towards B. Three-point estimate.

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Frederica

5 months ago

I think it might be D. Expected monetary value analysis.

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Lai

5 months ago

I'm going with B. Three-point estimate. It's all about estimating the best, worst, and most likely outcomes, right?

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Matthew

5 months ago

Hmm, I'm not sure. Could it be C? Modeling and simulation can also involve calculating average outcomes for different scenarios.

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Tijuana

4 months ago

I'm not sure, but A) Sensitivity analysis could also be a possibility.

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Carlota

5 months ago

I agree with you, D) Expected monetary value analysis makes sense.

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Louann

5 months ago

I'm leaning towards B) Three-point estimate.

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Bobbie

5 months ago

I think it might be D) Expected monetary value analysis.

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Dortha

5 months ago

I believe the correct answer is D) Expected monetary value analysis because it takes into account the probabilities of different outcomes.

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Kallie

5 months ago

I think the answer is D. Expected monetary value analysis. It seems to fit the description of calculating the average outcome across different scenarios.

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Kaitlyn

4 months ago

Yes, it takes into account different scenarios to calculate the average outcome.

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Arthur

5 months ago

I agree, Expected monetary value analysis is the correct answer.

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Howard

5 months ago

I'm not sure, but I think C) Modeling and simulation could also be a valid option.

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Amos

5 months ago

I agree with Francine, Expected monetary value analysis calculates the average outcome considering different scenarios.

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Francine

6 months ago

I think the answer is D) Expected monetary value analysis.

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