PRMIA Exam II: Mathematical Foundations of Risk Measurement - 2015 Edition 8007 Question # 12 Topic 2 Discussion

PRMIA Exam II: Mathematical Foundations of Risk Measurement - 2015 Edition 8007 Question # 12 Topic 2 Discussion

8007 Exam Topic 2 Question 12 Discussion:
Question #: 12
Topic #: 2

Which of the following statements concerning class intervals used for grouping of data is correct?

When grouping data, attention must be paid to the following with regards to class intervals:

1. Class intervals should not overlap

2. Class intervals should be of equal size unless there is a specific need to highlight data within a specific subgroup

3. The class intervals should be large enough so that they not obscure interesting variation within the group


A.

Statements 2 and 3 are correct


B.

Statements 1 and 2 are correct


C.

All three statements are correct


D.

Statements 1 and 3 are correct


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