I would like to thank you sir for the very simple explanation. Thanks a lot Mr. Harry.
@mohamedhassan2747
7 жыл бұрын
Thank you sir, very explicit explanation
@201085romio
6 жыл бұрын
could u help in this question Seller A may provides the materials at time with probability 60% and confidence level 55%. Seller B may provides the materials at time with probability 40% and confidence level 90%. You will select -----------------. A) select B because the confidence higher than A. B) Select A because the probability higher than B. C) Data insufficient. D) Select B because the selection based one cumulative value of probability and confidence level. as u can see iam confused between A or D A make the choice only according to confidence level whatever the probability but B , multiply the probability & confidence together what is the right answer in this detailed question ??
@abdullah1972abdullah
6 жыл бұрын
thank you
@Dentsun4228
4 жыл бұрын
So, EMV is actually the risk exposure??? that is to say, probability x impact = risk exposure...so exposure = EMV. Do I have that right?
@projectriskcoach
4 жыл бұрын
Yes. Here is a related article: projectriskcoach.com/evaluating-risks-using-quantitative-risk-analysis/
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