The overall risk factor for the project is known to be 0.5. The individual failure probability and consequence scores are not known with certainty, only that all of the failure probability scores are identical and all of the consequence scores are
identical. What are the individual failure probability scores?
Maturity X Cost Y
Complexity X Schedule Y
Dependency X Reliability Y
Performance Y
A) 0.316
B) 0.267
C) 0.236
D) 0.347
C
You might also like to view...
Joe owns a construction company and prices his services based on labor hours and the cost of material. Which of the following revenue models is Joe using?
a. contractor revenue model b. utility and usage revenue model c. professional revenue model d. franchising revenue model
Which of the following goals of the firm are synonymous with the maximization of shareholder wealth?
A) Profit maximization B) Risk minimization C) Maximization of the total market value of the firm's common stock D) None of the above
True or False Measures of dispersion describe typical values in the data
Indicate whether the statement is true or false
You just got your first job after graduation. Your immediate supervisor received a special order at a price that is "below cost" during your first week at the company. The supervisor points to the proposal and says, "These are the kinds of orders that will get you in trouble. Every sale must bear its share of the full costs of running the business. If we sell below our full cost, we'll be out of business in no time." You remember from your course in cost accounting that this may not be as much trouble as the supervisor anticipates. How would you respond and not lose your first job?
What will be an ideal response?