Question 26 You are screen sharing Stop Share 10 pts ents Please very carefully read the excerpts from a June 16, 2017 Reuters article, "Maker of panels at London Tower cautioned on high-rise fire risk" by Tom Bergen, and answer the questions below. "LONDON (Reuters) - The manufacturer of the panels used to clad the London tower block [apartment building] where at least 30 people died in a fire this week advised customers 3 against using its polyethylene-cored tiles -- the ones reportedly used at Grenfell Tower -- in high rise buildings. "Diagrams in a brochure dated 2016 for Reynobond tiles reviewed by Reuters show how polyethylene (PE) core tiles are suitable only for buildings of up to 10 metres in height. 'As soon as the building is higher than the fire fighters' ladders, it has to be conceived with an incombustible material, the brochure says. John Cowley, director of Omnis Exteriors which supplied the cladding for the refurbishment but did not install it, told the Guardian that the company had been asked to supply the Reynobond PE variant. "Fire safety experts say polyethylene is generally avoided in tall buildings as it has been li to a number of rapidly spreading fires at skyscrapers in Dubai and elsewhere. 'Polyethyle a thermoplastic material, which ... melts and drips as it burns, spreading the fire downw as well as upwards,' architectural consultants Probyn Miers said in a note on insulation materials posted its website. Witnesses to Wednesday's blaze said the flames spread up the building, which was left a charred shell." QUESTIONS: Clearly label each of your answers a., b., c., d., e1, and e2. a. Identify and briefly discuss two major types of loss exposures for the owners of the Tower in London that are illustrated in this article. rated in the article.that the Stop Share say polyethylene is generally avoided in tall buildings as it has been linked to a number of rapidly spreading fires at skyscrapers in Dubai and elsewhere. 'Polyethylene is a thermoplastic material, which ... melts and drips as it burns, spreading the fire downwards as well as upwards,' architectural consultants Probyn Miers said in a note on insulation materials posted its website. Witnesses to Wednesday's blaze said the flames spread quickly up the building, which was left a charred shell." QUESTIONS: Clearly label each of your answers a., b., c., d., e1, and e2. a. Identify and briefly discuss two major types of loss exposures for the owners of the Grenfell Tower in London that are illustrated in this article. b. Identify one example of a hazard illustrated in the article. c. What type of hazard is being illustrated by your example and why? d. Provide an example of a loss illustrated in this article. What is the peril associated with this loss? e. Define the following terms and explain how buildings using polyethylene tiles might be a worry for risk managers under each of the two following terms: 1. Frequency 2. Severity Edit View Insert Format Tools Table 12pt v Paragraph |B I U A & V TV :that the Stop Share say polyethylene is generally avoided in tall buildings as it has been linked to a number of rapidly spreading fires at skyscrapers in Dubai and elsewhere. 'Polyethylene is a thermoplastic material, which ... melts and drips as it burns, spreading the fire downwards as well as upwards,' architectural consultants Probyn Miers said in a note on insulation materials posted its website. Witnesses to Wednesday's blaze said the flames spread quickly up the building, which was left a charred shell." QUESTIONS: Clearly label each of your answers a., b., c., d., e1, and e2. a. Identify and briefly discuss two major types of loss exposures for the owners of the Grenfell Tower in London that are illustrated in this article. b. Identify one example of a hazard illustrated in the article. c. What type of hazard is being illustrated by your example and why? d. Provide an example of a loss illustrated in this article. What is the peril associated with this loss? e. Define the following terms and explain how buildings using polyethylene tiles might be a worry for risk managers under each of the two following terms: 1. Frequency 2. Severity Edit View Insert Format Tools Table 12pt v Paragraph |B I U A & V TV :15 pts Vandaley Industries orders printer ink worth $200 from Kramerica and paper worth $100 from Dunder Mifflin. Based on past experience, Vandaley estimates a 1% chance the printer ink will not arrive, and a 3% chance the paper will not arrive. QUESTIONS: Clearly label each of your answers a., b., or c. a. Is Vandaley's probability estimate an a priori (theoretical) or statistical (empirical) probability? Justify your answer. b. Describe all possible outcome amounts for Vandaley's total dollar amount of losses from lost shipments of ink and paper. For each dollar amount of loss you identify, describe under what circumstances it would occur. Please note this question asks for total dollar amounts of losses, not number of losses and not the probability of losses. c. For each of the possible outcomes you identified in question b. above, derive the probability of the outcome occurring. Show calculations. Edit View Insert Format Tools Table BY UA & V TV : 12pt Paragraph