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Suppose a Project Is Subject to the Following Risk Events

Question 74

Multiple Choice

Suppose a project is subject to the following risk events (each with a given probability of occurring and a cost associated with that occurrence) :  Event  Probability  Cost($000s)   I .253 II .654 III .112 IV 321\begin{array} { l c c } \text { Event } & \text { Probability } & \text { Cost(\$000s) } \\\text { I } & .2 & 53 \\\text { II } & .6 & 54 \\\text { III } & .1 & 12 \\\text { IV } & 3 & 21\end{array}
Given these, Event _____ should probably get the most attention and Event _____ should probably get the least.


A) II; IV
B) III; IV
C) I; III
D) I; II
E) II; III

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