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Exam Code: UAE-Financial-Rules-and-Regulations
Exam Name: CISI UAE Financial Rules and Regulations Exam
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
The joint probability of events A and B occurring equals 0.11. The probability of neither A nor B occurring equals 0.64. If P(A) equals 0.24, the probability of B occurring equals ________.
A. 0.46
B. 0.23
C. 0.29
D. 0.51
Answer: B
Explanation:
Explanation/Reference:
Explanation:
We are given that P(neither A nor B) = 0.64, P(A and B) = 0.11 and P(A) = 0.24. The probability of neither A nor B occurring equals one minus the probability of either A or B occurring i.e. P(neither A nor B) = 1 - P (A or B).
Thus, P(A or B) = 1 - P(neither A nor B) = 1 - 0.64 = 0.36.
Now, P(A or B) = P(A) + P(B) - P(A and B)
Therefore, P(B) = P(A or B) - P(A) + P(A and B) = 0.36 - 0.24 + 0.11 = 0.23.
NEW QUESTION: 2
What best describes the ultimate goal of having proper security management systems and processes in an organization?
A. ensure the effectiveness of the security controls
B. remove all vulnerabilities
C. eliminate all the security risks
D. protect the company assets
Answer: D
NEW QUESTION: 3
Which of the following contract types places the greatest risk on the seller?
A. Fixed-price-incentive contract
B. Cost-plus-fixed-fee contract
C. Firm-fixed-price contract
D. Cost plus-incentive-fee contract
Answer: C
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