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– Nelson Mandela

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Being a good software developer requires a combination of technical skills and personal qualities. In terms of technical skills, a competent programmer needs to have: Strong coding skills: The ability...

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Discussion Question 3

Being a good software developer requires a combina

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1. After taking the 11.2 lab , it was confirmed that I am suffering from high stress. I got 8 No’s and 12 Yes . I was quite surprised by seeing the stress level of mine . I recently have severe anxi...

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Apple as some of the best security I have seen on any device that connects to the internet. To second that Apple also allows third parties to create Apps and they also allow other big names some forms...

Week 3 Discussion
Week 3 Discussion

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Deliverable 5

Deliverable 5

Q “Risk Management” covers a number of activities some of which are pure statistics. But modern financial risk management begins where statistics ends. Decisions for which enough data is to be estimated outcomes and probabilities accurately do not require risk management. Risk minimization is more appropriate in this system when to minimize the risk subject is expected to return in other constraints. Modern financial risk management was being invented to deal with this kind of situation ("What is Risk Management and Why is it Important?", 2020).

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Risk managers use a lot of statistics, generally the non-parametric ones. This requires non-statistical methods to estimate the border, but statistical methods to evaluate the non-statistical methods. This can also be performed in a reverse manner sometimes. Conventional statistical models are used to estimate distributions and thus to identify outliers. Sometimes this is even performed with the data that is not obviously relevant, as any glitch could be a sign of an important change ("The role of statistics in managing climate change-related disaster risks", 2020).