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For a back office function processing 15,000 transactions a day with an error rate of...

PRMIA 8010 Full Course Access
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For a back office function processing 15,000 transactions a day with an error rate of 10 basis points, what is the annual expected loss frequency (assume 250 days in a year)

A.

3750

B.

0.06

C.

37500

D.

375

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