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NFPA CFPS - Certified Fire Protection Specialist (CFPS) Exam Braindumps

NFPA CFPS - Certified Fire Protection Specialist (CFPS) Exam Braindumps

  • Certification Provider:NFPA
  • Exam Code:CFPS
  • Exam Name:Certified Fire Protection Specialist (CFPS) Exam Exam
  • Total Questions:276 Questions and Answers
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NEW QUESTION: 1
Which of the following is the BEST indicator that an application system's agreed-upon level of service has been met?
A. Security Incident reports
B. Bandwidth usage logs
C. Transaction response time
D. CPU utilization reports
Answer: A

NEW QUESTION: 2

proc sql;
select *
from dictionary.tables;
quit;

A. Option B
B. Option C
C. Option D
D. Option A
Answer: D

NEW QUESTION: 3
For a bank using the advanced measurement approach to measuring operational risk, which of the following brings the greatest 'model risk' to its estimates:
A. Choice of incorrect parameters for loss severity distributions
B. Insufficient number of simulations when building the loss distribution
C. Choice of an incorrect distribution for loss event frequencies
D. Aggregation risk, from selecting an incorrect value of estimated correlations between different operational risk estimates
Answer: D
Explanation:
Explanation
The greatest model risk when calculating operational risk capital comes from incorrect assumptions about correlations between different operational risks for which standalone risk calculations have been made.
Generally, the correlation can be expected to be positive, and would therefore vary between 0 and 1. These two values determine the 'bounds' between which the total operational risk capital would lie, and these bounds are generally quite far apart. Therefore the total value of the operational risk capital is very sensitive to the value chosen for the correlation, and this is the source of the biggest model risk under the AMA.

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