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3. Suppose you are a risk manager of Bank A, and you observed that, on average 3 out of every & days a loss of
3. Suppose you are a risk manager of Bank A, and you observed that, on average 3 out of every & days a loss of an accounting error occurs within your bank a) On average, how many days do you expect to have this particular loss type occurring 13] b). In a one month period. what is the probability that a loss event of this type will occur after 6 days? c). What is the expected deviation of this types of losses from the average? [3]
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