Question
Which of the following is not a step in the Risk
Management Process?Solution
Risk management  is the process of identifying, assessing (or measuring) and mitigating risks. The 4 steps involved in this process are: ·        Identify the risk. ·        Assess the risk. ·        Treat the risk. ·        Monitor and Report on the risk.
There are 5 Red caps, 3 Green caps and 2 Blue caps in a box. 4 caps are chosen at random. What is the probability of their being 2 Red and 2 Blue caps?
A bag contains 5 red, 4 green, and 3 blue balls. What is the probability of drawing a green ball?
If three socks are chosen at random, what is the probability that all are blue socks?
A bag contains 9 black and 10 white balls. One ball is drawn at random. What is the probability that the ball drawn is white?
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Given that E and F are events such that P(E) = 0.8, P(F) = 0.4 and P(E∩ F) = 0.2. Find P(F|E).
If a coin is tossed 10 times then what is the probability of getting three heads?
