Which of the following statements about quantitative risk analysis is true?
A. It is the most widely used approach to risk analysis.
B. Probability data is not required for this type of risk analysis.
C. It uses annual loss expectancy to rank events.
D. It is reliable and accurate way to calculate risk.
Answer: C
Explanation: A quantitative risk analysis attempts to establish and maintain an independent set of risk metrics and statistics. It uses annualized loss expectancy, probability, threats, controls, and vulnerabilities to calculate risk. Some of the disadvantages of this type of risk analysis are the unreliability and inaccuracy of the data. The qualitative risk analysis is the most widely used risk analysis method.
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