Project Part 1 Task 1 Draft Risk Management Plan Ernest Martinez Jr. C. Flack IS3110 October 22‚ 2012 Purpose The Senior Management of the Defense Logistics Information Services (DLIS) has decided to update the previous risk management plan with a developing‚ new risk management plan. This new risk management plan will not only minimize the amount of risk for future endeavors‚ but will also be in compliance with regulations such as the Federal Information Security Management Act (FISMA)
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variable may assume only integer values within a given interval. 3. An inspector correctly identifies defective products 90% of the time. For the next 10 products‚ the probability that he makes fewer than 2 incorrect inspections is 0.736. 4. A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes‚ and branches. 5. Excel can only be used to simulate systems that can be represented by continuous random variables. 6. Starting conditions have no impact
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62/2920 = 0.0212 patients /hr Service rate (μ) = 60/80.79 = 0.7426 /hr 2) Probabilities Probability of having Zero (0) patients arriving during night shift = (1- λμ) = (1- 0.02120.7426) = 0.9714 or 97.14% Probability of having one patient arriving during night shift = (1- λμ) ( λμ) = (1- 0.02120.7426) ( 0.02120.7426) = 0.02773 or 2.773% Probability of arriving two or more patients simultaneously during the night shift = 1-[P(0)+P(1)]
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public opinion poll‚ the first and foremost important concept is the basic principle of probability sampling‚ or at least that is what Gallup values as an important foundation. The probability sampling itself holds the definition as “a sampling technique wherein the samples are gathered in a process that gives all individuals in the population equal chances of being selected” (Castillo). With the probability sampling technique‚ every individual is guaranteed to have an equal opportunity of being
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that red is the most popular. Scruffies are packed randomly‚ and on average 25% are red. (i) Find the probability that a packet contains no more than 6 red Scruffies. [2] (ii) Find the probability that a packet contains exactly 4 red Scruffies. [2] Because of a fault in the packing machine‚ one packet in ten now contains 19 Scruffies instead of 18. (iii) Find the new probability that a randomly selected packet contains exactly 4 red Scruffies. [5] In order to increase sales
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............................. 8 3. Chebyshev’s Rule & The Empirical Rule................................................ 13 4. Introduction to Probability ....................................................................... 15 5. Unions‚ Intersections‚ and Complements ................................................ 23 6. Conditional Probability & Independent Events..................................... 28 7. Discrete Random Variables.......................................................
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and external partners is crucial to having a viable risk management process. Tasks will be evaluated and identified for the mitigation of risks; uncertainty of organizational environmental factors will be included in the evaluation of impact and probability‚ as appropriate. This will ensure that tracking of progress‚ or lack thereof‚ occurs and necessary resources are identified for corrective/mitigating actions planned. Purpose The purpose of the risk management plan is to develop a structured
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Economics Ch.1 Limits‚ Alternatives‚ Choices: Opportunity costs: to obtain more of one thing‚ society forgoes the opportunity of getting the next best thing. That sacrifice is the opportunity cost of the choice. Microeconomics: the part of economics concerned with decision making by individual customers‚ workers‚ households‚ and business firms. Macroeconomics: examines either the economy as a whole or its basic subdivisions‚ such as govt‚ household of business sector. Economic Resources:
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PROBLEMS FOR RELAIBILITY 1. Consider the following system: Determine the probability that the system will operate under each of these conditions: a. The system as shown. b. Each system component has a backup with a probability of .90 and a switch that is 100 percent reliable. c. Backups with .90 probability and a switch that is 99 percent reliable.Solutions 1. a. P(operate) = .92 = .81 .9 .9 .9 .9 .9 .9 .9 .9 b. [.90 + .10(.90)] [.90 + .10(.90)] = .9801 c. [.90 +
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Question 4 2 out of 2 points What is the probability of rolling a number less than or equal to 6 on a six sided die? Selected Answer: 1 Correct Answer: 1 Response Feedback: P(event) = Question 5 2 out of 2 points What is the probability of picking a “g” in the word Georgia? Selected Answer: Correct Answer: Response Feedback: P(event) = Question 6 2 out of 2 points What is the probability of picking an “m” in the word Alabama? Selected
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