For Organizations with High-Volume, Low-Maintenance Systems, It Makes Sense to Rent

question 48

True/False

For organizations with high-volume, low-maintenance systems, it makes sense to rent hardware clouds rather than buying their own systems.

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Definitions:

Expected Monetary Value

A decision-making tool in risk management that combines the probabilities of different outcomes with the monetary gains or losses they would produce, to estimate the average outcome.

PHStat

An Excel add-in that enhances and expands upon the statistical capabilities provided by Microsoft Excel.

Return To Risk Ratio

A financial metric used to evaluate the potential return of an investment relative to its risk.

PHStat

An Excel add-in designed to perform statistical analysis.