A priori probability Study guides, Class notes & Summaries

A priori method - A way of knowing, proposed by Charles Peirce, in which a person develops a belief by reasoning and reaching agreement with others who are convinced of the merits of the reasoned argument. Leading question - In a survey, a question asked in such a way that the answer desired by the questioner is clear. Simple effects analysis - Following an ANOVA, a follow-up test to a significant interaction, comparing individual cells. concurrent validity - the extent to which two measu...

What are the 4 types of measurement scales? CORRECT ANSWER 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? CORRECT ANSWER Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types of probabilities? CORRECT ANSWER 1. Empirical Probabi...

CFA Level I Vocabulary questions with complete solution 2024A priori probability - correct answer A probability based on logical analysis rather than on observation or personal judgment. Abnormal profit - correct answer Equal to accounting profit less the implicit opportunity costs not included in total accounting costs; the difference between total revenue (TR) and total cost (TC). Absolute advantage - correct answer A country's ability to produce a good or service at a lower absolute c...

RMIN 4000 UGA TEST 1 QUESTIONS & ANSWERS types of risk - ANS--pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk - ANS-uncertainty concerning the occurrence of a loss uncertainty - ANS-probabilities cannot be estimated loss exposure - ANS-any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing plant objective risk (d...

1) Traditionally, risk has been defined as A) any situation in which the probability of loss is one. B) any situation in which the probability of loss is zero. C) uncertainty concerning the occurrence of loss. D) the probability of a loss occurring. - ANSWER-C 2) Objective risk is defined as A) the probability of loss. B) the relative variation of actual loss from expected loss. C) uncertainty based on a person's mental condition or state of mind. D) the cause of loss. - ANSWER-B ...

control correct answers The measures used to hold uniform or constant the conditions in a research study confidence interval correct answers An estimated range of values, which are likely to include an unknown population parameter calculated from a given set of sample data. Abbreviated CI. alpha correct answers Considered an a priori probability because it is set before the data are collected. Also considered a conditional probability because the null hypothesis is assumed to be true ...

CFA Level 1 glossary 2020(updated)question and answersA priori probability - correct answer A probability based on logical analysis rather than on observation or personal judgment. abnormal return - correct answer The amount by which a security's actual return differs from its expected return, given the security's risk and the market's return. absolute advantage - correct answer A country's ability to produce a good or service at a lower absolute cost than its trading partner. Absol...

RMIN 4000 uga test 1 latest update graded A+ types of risk -pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk uncertainty concerning the occurrence of a loss uncertainty probabilities cannot be estimated loss exposure any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing plant objective risk (degree o...

RMIN 4000 uga test 1 latest 2024 actual questions and answers with complete solution types of risk -pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk uncertainty concerning the occurrence of a loss uncertainty probabilities cannot be estimated loss exposure any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing...

authority, common sense, intuition, rationalism, empiricism (best), personal experience - ways of knowing when someone influential says so - authority what everyone knows, backed by personal experience - common sense "feeling of knowing" something but not quite sure where the knowledge came from - intuition a priori (before results) method; knowledge derived from reasoning or logic - rationalism knowledge from experience or observation; relies on data (same results over and over again) -...