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Risk & Professional Practice · Scope Economics
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RISK & CONTINGENCY
Risk & Professional Practice
Original training questions. Review the explanation before moving on.
QUESTION 1 OF 4
Risk & Contingency
Does an expected value automatically equal a P80 allowance?
A
Yes, the mean is always the 80th percentile
B
No, a confidence level needs the outcome distribution
C
Yes, if there is only one risk event
D
Yes, when probability and impact are documented
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