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We provide an affirmative answer to the question posed in the title. Ourargument is based on a treatment of the Schroedinger dynamics of the compositeof a quantum microsystem, S, and a macroscopic measuring apparatus, I,consisting of N interacting particles. The pointer positions of this apparatusare represented by orthogonal subspaces of its representative Hilbert spacethat are simultaneous eigenspaces of coarse-grained macroscopic observables. Bytaking explicit account of their macroscopicality via a large deviationprinciple, we prove that, for a suitably designed apparatus I, the evolution ofthe composite (S+I) leads both to the reduction of the wave packet of S and toa one-to-one correspondence between the resultant state of this microsystem andthe pointer position of I, up to utterly negligible corrections that decreaseexponentially with N.

Can the Quantum Measurement Problem be resolved within the framework of Schroedinger Dynamics and Quantum Probability?