(Answered) Statistical tool for risk analysisq1 what do you understand

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STATISTICAL TOOL FOR RISK ANALYSIS

Q1. What do you understand by risk analysis?

Q2. How can risk assessment be measured mathematically?

Q3. How is financial risk analysis done?

Q4. How can you differentiate between individual risk vs population risk?

Q5. How the risk estimation is determined?

Q6. What type of risks are included in auditing by the auditor?

Q7. What is Annualized Rate of Occurrence (ARO)?

Q8. How can the Annualized Loss Expectancy (ALE) be calculated?

Q9. How Dose response analysis is determined with minimum error?

Q10. What are the problems encountered in Dose-Response Analysis?

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