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Please note I've attached two tables in Jpeg format. A risk manager of a company has been trying to estimate the aggregated impact of many

Please note I've attached two tables in Jpeg format.

A risk manager of a company has been trying to estimate the aggregated impact of many possible events to the company. The manager has listed potential events that could happen in the coming year, and has assigned a probability of occurrence to each event. The manager has also estimated the financial impact of each event. The data is summarized in

image text in transcribed

Event Probability per year Most Likely Loss if occured ($1M) Minimum Loss Maximum Loss IT system, major failure 1.0% 5.0 3 7 Problem with manufacturing process 2.5% 1.0 0.5 1.5 Serious illness of a Board member 5.0% 0.1 0.05 0.15 Employee wins law suit 8.0% 2.5 2 3 Entry of new competitor 10.0% 10.0 5 15 Failure of new product launch 7.5% 6.0 4 8 Strengthening of $ Xrate 35.0% 1.0 0.5 1.5 Fire in head office 2.0% 2.5 3 Fraud 0.5% 5.0 6 UINAN Confidential data lost 1.0% 3.0 4 Large customer goes bankrupt owing money 2.0% 5.0 5

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