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Risk Is the Likelihood of the Occurrence of A(n)____ Multiplied

question 54

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Risk is the likelihood of the occurrence of a(n) ____ multiplied by the value of the information asset minus the percentage of risk mitigated by current controls plus the uncertainty of current knowledge of the vulnerability.


Definitions:

Statistic

A single measure, often derived from a sample, used to summarize or describe an aspect of the data.

Population

The entire group of individuals or instances about whom the data is to be collected and analyzed.

Cost Aggregation

The process of compiling and combining different cost elements within a project to understand total expenses or analyze specific aspects.

Cost Control

The process of planning and managing project costs to adhere to a budget.

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