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NEW QUESTION: 1
For a back office function processing 15,000 transactions a day with an error rate of 10 basis points, what is the annual expected loss frequency (assume 250 days in a year)
A. 0
B. 1
C. 0.06
D. 2
Answer: A
Explanation:
Explanation
An error rate of 10 basis points means the number of errors expected in a day will be 15 (recall that 100 basis points = 1%). Therefore the total number of errors expected in a year will be 15 x 250 = 3750. Choice 'a' is the correct answer.

NEW QUESTION: 2

A. Option C
B. Option B
C. Option E
D. Option A
E. Option D
F. Option G
G. Option F
Answer: A,C,G

NEW QUESTION: 3

A. Work / Distance
B. Force x Distance
C. Work / Time
D. Force x Time
Answer: C

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