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Test 2: Risk Management Name: Surname: Group: Give detailed solutions in the spaces provided s to enwo nA mua's aevio eldst wollol ar avab 001 tesl art ni bloa eboop to 18dmun erit no noitemiolni bejoelloo Task 1: bloe edmunteluoiheq s pnillea to asitilidsdong arif bns selsa ylisb eart to A service provider has 2 outlets. The price for a service in each outlet is €10. The chart below shows the le number of clients served in Outlet A and Outlet B for a sample of 6 days last month:oop to 19dmu 81 avab to 1sdmu 001 00.1 Day 1 Number of clients per day Outlet A 2 Saldimg 8 80.0 vlilidedo19 Outlet Breedte li eldslitorq ed of berebianos el veb erf 25 20 34 og liwsb be 32lea vinobrist & terit vtilidedongar ellerW

Test 2: Risk Management Name: Surname: Group: Give detailed solutions in the spaces provided s to enwo nA mua's aevio eldst wollol ar avab 001 tesl art ni bloa eboop to 18dmun erit no noitemiolni bejoelloo Task 1: bloe edmunteluoiheq s pnillea to asitilidsdong arif bns selsa ylisb eart to A service provider has 2 outlets. The price for a service in each outlet is €10. The chart below shows the le number of clients served in Outlet A and Outlet B for a sample of 6 days last month:oop to 19dmu 81 avab to 1sdmu 001 00.1 Day 1 Number of clients per day Outlet A 2 Saldimg 8 80.0 vlilidedo19 Outlet Breedte li eldslitorq ed of berebianos el veb erf 25 20 34 og liwsb be 32lea vinobrist & terit vtilidedongar ellerW

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter2: The Accounting Information System
Section: Chapter Questions
Problem 17CE
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task 2. expected loss 300. find the variance and standard deviation
Test 2: Risk Management Name: Surname: Group: Give detailed solutions in the spaces provided wollot griT eveb 001 last erit ni bloa eboop to 1edmun erit no noitemiotni betoelloo asd maits to enwo na bloe Task 1: edmun elpoineq s pnillea to asitilidsdoig art brs solsa ylish erlt to vismmuz , eevip eldst A service provider has 2 outlets. The price for a service in each outlet is €10. The chart below shows the le number of clients served in Outlet A and Outlet B for a sample of 6 days last month:oop to 19m 001 avsb to tedmul ylilidedo19 00.1 80.0 Its li eldstitorq ed of berebianoo ai veb erlT Day 1 2 3 4 6 Number of clients per day Outlet A Outlet B 25 20 litora 34 40 225 35 42 24 350 lliw sb be 32lea vinobrist s terit vtilidedorq ert! el terWh 38 35 28 22 1. Calculate the average daily sales revenue for Outlet A and Outlet B. Seldstitorq ed lliw ysb betoslez vimobrisa tsrit vtilidsdong arft ei terW S bloa aboop to 1sdmun srit ferit smuzes oelA instenoo af ysb oldatilorq s prived to vtilidadorq erit tart emuzeA Xeow erit to ysb erit to Inebnegebni el 2.b For each outlet, calculate the range, median and sample standard deviation of the daily sales revenue. eldstilonq ed iliw aysb a vilosxe aysb betoelez 3. Calculate the coefficient of variation in sales for both outlets. Based on the results, which outlet has the largest sales risk? long ed lliw onon aysh betosles vimobne a to luo tärit vtilidadong sri ai tsrW sbenom 10 ayeb baloelsa vimobne à to tuo terit vtilidsdorq erit al ferW Task 2: Assume that a risk manager estimates the following probabilities of various losses for a certain risk: Amount of Loss, EUR Probability of Loss 0.40 0.60 1. Given the probability distribution, find the expected loss.
Transcribed Image Text:Test 2: Risk Management Name: Surname: Group: Give detailed solutions in the spaces provided wollot griT eveb 001 last erit ni bloa eboop to 1edmun erit no noitemiotni betoelloo asd maits to enwo na bloe Task 1: edmun elpoineq s pnillea to asitilidsdoig art brs solsa ylish erlt to vismmuz , eevip eldst A service provider has 2 outlets. The price for a service in each outlet is €10. The chart below shows the le number of clients served in Outlet A and Outlet B for a sample of 6 days last month:oop to 19m 001 avsb to tedmul ylilidedo19 00.1 80.0 Its li eldstitorq ed of berebianoo ai veb erlT Day 1 2 3 4 6 Number of clients per day Outlet A Outlet B 25 20 litora 34 40 225 35 42 24 350 lliw sb be 32lea vinobrist s terit vtilidedorq ert! el terWh 38 35 28 22 1. Calculate the average daily sales revenue for Outlet A and Outlet B. Seldstitorq ed lliw ysb betoslez vimobrisa tsrit vtilidsdong arft ei terW S bloa aboop to 1sdmun srit ferit smuzes oelA instenoo af ysb oldatilorq s prived to vtilidadorq erit tart emuzeA Xeow erit to ysb erit to Inebnegebni el 2.b For each outlet, calculate the range, median and sample standard deviation of the daily sales revenue. eldstilonq ed iliw aysb a vilosxe aysb betoelez 3. Calculate the coefficient of variation in sales for both outlets. Based on the results, which outlet has the largest sales risk? long ed lliw onon aysh betosles vimobne a to luo tärit vtilidadong sri ai tsrW sbenom 10 ayeb baloelsa vimobne à to tuo terit vtilidsdorq erit al ferW Task 2: Assume that a risk manager estimates the following probabilities of various losses for a certain risk: Amount of Loss, EUR Probability of Loss 0.40 0.60 1. Given the probability distribution, find the expected loss.
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