0
The probability of the contractor failing to meet the requirements of the potential contract and rdquo is considered to be what type of risk?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the types of probability?
They are generally agreed to be theoretical and experimental probabilities. Probability is probability. The concept may be applied to any causal event which has more than one potential outcome.
Odds of rolling doubles with three dice?
There are 36 possible combinations of unique dice rolls (where order doesn't matter, so sorted/deduped). 6 of these are potentially doubles. The total odds are 1/6 (~16.7%). This is because the probability that any of the two die matched any of the other two dice is really just the probability that a die is the same as another die, which is 1/6. Think about it this way, if you rolled two dice the probability that the first one is the same as the second one is 1/6. If you rolled a one, and then rolled a second die and it didn't come up as the first one, but then you rolled a third one you'll find that the probability that doubles occurred is the probability that the first one matches the third one, OR the second one matches the third one IIF the second one did not match the first one, but because they're independent events it's still just what's the probability that doubles occurred between the comparison rather than the set. This does not take into account triplets being considered doubles. If the potential for triplets is considered (the probability that any two die will have the same value), this becomes a very simple problem because it deals with the likelihood that something can't occur in any form rather than the likelihood that a specific subset will occur. It's simply the probability (after sorting) that the first one is like the second one, or the second one is like the third one. When you think about that, that's really just the probability that all numbers will be different. This means we only have to care about two. The probability that the second is different is 5/6, while the probability that the third is different than both of the first two is 4/6. That makes the probability that no two are alike 5/6 by 4/6. This means that the probability that AT LEAST two are alike is 1 - (5/6 * 4/6), which is 44.444..%. It's an extremely simplified version of the birthday problem.
What is meant by area of interest in HR?
That is the job, career or field in which a potential or new employee wants to work or for which he/she is being considered or has been hired.
What is the most specific residency requirement for the House?
To serve in the House, there are two residency requirements. Potential candidates must be U.S. citizens for seven years; they must also be residents of the state they want to represent. The latter is more specific.
What is considered continuous professional development?
Continuous professional development is when members continually commit to updating their skills and knowledge to acquire professional competency while also unlocking their true potential.
The probability of the contractor failing to meet the requirements of the potential contract is considered to be what type of risk?
Technical risk.
A roofing contractor should provide references for a potential client.?
A roofing contractor should provide references for a potential client.
Can an employer request a certificate of health from a potential contractor?
Yes, employer can request to the contractor to give him a health certificate so that save himself from the future consequences.
What are the types of probability?
They are generally agreed to be theoretical and experimental probabilities. Probability is probability. The concept may be applied to any causal event which has more than one potential outcome.
The following isare commercially-managed sources for locating potential suppliers?
Central Contractor Registration
What are the potential requirements of remote working system?
Server
Is gravitational force considered potential or kinetic energy?
Gravitational force is considered potential energy, E= -GmM/r.
A vehicle can be considered a potentially lethal weapon and pedestrians can be considered?
Potential
What questions should I ask a potential fence contractor?
The things you need to ask a fence contracter varies based on the details of the job. The only question that needs to be asked on every job no matter how small is if the contractor insures his work.
What is the difference between risk and exposure?
An exposure consist of the potential financial effect of an event multiplied by its probability of occurrence and risk is with probability of occurrence. Thus an exposure is a risk times its financial consequences.
What classes are needed to be a roofing contractor?
Becoming a certified roofing contractor is a good way to prove to your clients that you are experienced and knowledgeable in your field. Not only will the training and education you gain allow you to be more confident and professional in your work, but having a certification can make you more appealing to potential customers. There are no national certification programs, as each state sets its own guidelines and operates their own certification programs, but many of the requirements are similar from state to state, allowing you to start the process of becoming certified immediately.
What are the educational requirements for an entry-level position in the securities field?
Brokerage clerks are responsible for the majority of the daily operations and for processing much of the paperwork that is generated. These positions are often considered entry-level jobs with the potential for promotion
