SEP3704 Assignment 2 2025 – Due 15 April 2025

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SEP3704 Assignment 2 2025 – Due 15 April 2025

SECTION A

QUESTION 1

For practical purposes probability is divided up into five intervals to calculate risk factors. Explain the five (5) intervals of probability.

According to page 37 SEP3704/1, probability is divided into five (5) intervals for practical use when calculating risk factors. These intervals help organisations to understand how likely it is that a risk or loss will happen. They are as follows:

 Never
This means that there is no chance of the risk happening. For example, if a company does not own any computers, then it cannot suffer the loss of computers … ALL QUESTIONS FULLY ANSWERED!