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- Name: Piping Inspector
- Exam Code: API-570
- Certification: API-570
- Vendor: API
- Total Question: 630
- Price: 49$
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NEW QUESTION: 1
A. Option B
B. Option A
C. Option C
D. Option D
Answer: B
NEW QUESTION: 2
残存リスクを受け入れるかどうかを決定する際に最も重要な基準は次のうちどれですか？
A. 資産の交換費用
B. 追加の緩和のコスト
C. 年間発生率（ARO）
D. 年間損失予想（ALE）
Answer: A
NEW QUESTION: 3
When modeling operational risk using separate distributions for loss frequency and loss severity, which of the following is true?
A. Loss severity and loss frequency distributions are considered as a bivariate model with positive correlation
B. Loss severity and loss frequency are considered independent
C. Loss severity and loss frequency are modeled as conditional probabilities
D. Loss severity and loss frequency are modeled using the same units of measurement
Answer: B
Explanation:
Explanation
When modeling operational loss frequency distribution (which, for example, may be based upon a Poisson distribution) and a loss severity distribution (for example, based upon a lognormal distribution), it is assumed that the frequency of losses and the severity of the losses are completely independent and do not impact each other. Therefore Choice 'a' is correct, and the others are not valid assumptions underlying the operational loss modeling.
Once each of these distributions has been built, a random number is drawn from each to determine a loss scenario. The process is repeated many times as part of a Monte Carlo simulation to get a the loss distribution.
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