Author Question: What does the terminology expressed as P(TV) mean? a. It is the probability of both events T and V ... (Read 71 times)

misspop · **on:** Jun 24, 2018

What does the terminology expressed as P(TV) mean?
a. It is the probability of both events T and V occurring.

b. It is the probability of neither event occurring.

c. It is the probability of event T occurring given that event V has or will occur.

d. It is the probability of event V occurring given that event T has or will occur.

Question 2

In financial simulation models, the value at risk (VAR) is the 5th percentile of an output distribution, and it indicates nearly the worst possible outcome.
a. True
b. False
Indicate whether the statement is true or false