0
How does the level of risk determine the type of agent to be used?
Wiki User
∙ 11y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Changing the alpha level to .05 from .01 what does it do to the risk of Type 1 error?
This will reduce the type 1 error. Since type 1 error is rejecting the null hypothesis when it is true, decreasing alpha (or p value) decreases the risk of rejecting the null hypothesis.
The probability of the contractor failing to meet the requirements of the potential contract is considered to be what type of risk?
Technical risk.
Distingush between systematic and unsystematic risks which is often regarded as the only relevant risk and why?
It is the risk which is due to the factors which are beyond the control of the people working in the market and that's why risk free rate of return in used to just compensate this type of risk in market. This is the risk other than systematic risk and which is due to the factors which are controllable by the people working in market and market risk premium is used to compensate this type of risk. Total Risk = Systematic risk + Unsystematic Risk As systematic risk is beyond the control of people working in market that;s why it is defenately not the relevent risk because anything not controllable is irrelevant and that's why unsystematic risk is the relevant risk because it is in the control of investor to in which security to invest or not.
What type of probability is when it uses sample spaces to determine the numerical probalitiy that an event will happen?
Classical Probability!
What and who determines the alpha level in statistics?
Before conducting a significance test, the statistician will choose an alpha level. Depending upon the severity of having type I or type II error, the statistician will make the alpha level higher or lower. Generally in courts, the alpha level is .05. The other common alpha levels for significance tests are .10 and .01.
How each level of risk determine the type of agent that maybe used in case of decontamination?
Low risk may involve using general workers trained in decontamination procedures, while moderate risk may require specialized decontamination teams equipped with proper gear. High-risk decontamination would typically involve hazmat or emergency response teams with extensive training and equipment. The level of risk will determine the expertise, training, and resources needed for effective decontamination.
Which type of bacterial agent is highly contagious which can put health care workers at an increased risk of infection?
MRSA is a type of bacterial agent that is highly contagious and which can put healthcare workers at an increased risk of infection. MRSA stands for Methicillin-resistant Staphylococcus aureus and it is also known as the super bug.
What does cost basis post tefra in insurance mean?
This is a type of insurance that you can pick from. You should talk to your insurance agent to determine the best options for you.
What are the risks of having O-negative blood?
Having a specific blood type does not elevate the level of any risk.
What exactly is a car insurance group?
A car insurance group is a classification insurance providers use to determine the risk level of driving a specific type of car. For instance, high performance cars are more likely to have claims filed on them, costing the insurance company money.
Is dwi insurance a high-risk type of insurance?
DWI Insurance does offer a multitude of products for the consumer. High-risk insurance is one of the products that they offer. Contact your agent for pricing information, as it is related to your personal situation.
How do you Plan Risk Management?
Risk management planning is the process used to decide how the risk management activities for the project at hand will be performed. The major goals for planning risk management are threefold: Ensure that the type, level, and visibility of risk management are proportionate to the actual risk involved in the project and the importance of the project to the organization; secure sufficient resources, including time for risk management activities; and set up an agreed-upon basis for evaluating risks. To be more explicit, you use the risk management planning process to determine the following: • How to approach the risk management activities for this project • How to plan the risk management activities • How to execute the risk management activities
Changing the alpha level to .05 from .01 what does it do to the risk of Type 1 error?
This will reduce the type 1 error. Since type 1 error is rejecting the null hypothesis when it is true, decreasing alpha (or p value) decreases the risk of rejecting the null hypothesis.
What are acceptable risks in a Risk Retention Group?
A Risk Retention Group is a type of insurance formed by members who associate specifically to form an insurance pool. Acceptable risk is the level of loss that such an association can handle and remain solvent.
What level does swalbu evolve?
Actually it evolves determine its type if its bold it might evolve faster but if your swablu is on like level 80 like my pokemon....sometimes you have to trade to evolve it.
What type of type of risk is acceptable in the risk management process?
A necessary risk with benefits that outweigh the costs
What type of policy is required for a detached unit in a cluster development with a homeowners association?
Your governing documents hold the answer to your question. You can also contact your board and request an answer from the board. Finally, your insurance agent can work with the association's agent, to determine the coverage and policy you need.
