Which of the Following Is NOT True of the Actuarial

question 66

Multiple Choice

Which of the following is NOT true of the actuarial approach?

• A) Those who endorse it would not rely on intuition in making a decision.
• B) Those who endorse it argue that there is no substitute for the clinician's experience and personal judgment in coming to decisions.
• C) Those who endorse it argue that a more objective standard is needed.
• D) It tends to be more efficient in terms of making predictions in a variety of situations.
• E) Those who endorse it rely on statistical procedures and formal rules in evaluating data.

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Definitions:

Confidence Interval

A range of values that is used to estimate the true value of a parameter with a certain degree of confidence.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the whole.

Mean

Mean is the average of a set of numbers, calculated by dividing the sum of all values in the set by the number of values.

Standard Error

Estimates the variability of sample mean measurements around the population mean, indicating the precision of the sample mean as an estimate of the population mean.