Exam (elaborations)
ARM 401 - Segment A with 100% correct answers | verified | latest update 2024
ARM 401 - Segment A with 100% correct answers | verified | latest update 2024
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ARM 401 - Segment AArtifical intelligence (AI) - correct answer-Computer processing or output that simulates
human reasoning or knowledge.
Causal factors - correct answer-The agents that directly result in one event causing another.
Change analysis - correct answer-An analysis that projects the effects a given system
change is likely to have on an existing system.
Computer vision - correct answer-A technology that simulates human vision.
Conceptual phase - correct answer-A phase in the life of a system when the basic purpose
and preliminary design of the system are formulated.
Conditional value at risk (CVaR) - correct answer-A technique to quantify the likelihood of
losing a specific dollar amount that exceeds the VaR threshold.
Criticality - correct answer-A product of consequence and occurrence ranking, taken from
the risk priority number calculation, used to determine the relative risk of a failure mode and
effects analysis item.
Criticality analysis - correct answer-An analysis that identifies the critical components of a
system and ranks the severity of losing each component.
Disposal phase - correct answer-A phase in the life of a system when the system reaches
the end of its useful life and is disposed of.
Earnings at risk (EaR) - correct answer-A technique to assess earnings volatility by
measuring the likelihood that earnings will be below a specific dollar amount over a specific
period of time.
Effects analysis - correct answer-The study of a failure's consequences to determine a risk
event's root cause(s).
Empirical probability (a posteriori probability) - correct answer-A probability measure that is
based on actual experience through historical data or from the observation of facts.
End effect - correct answer-The consequence of a failure mode on the operation, function, or
status of the highest indenture level.
Energy transfer theory - correct answer-An approach to accident causation that views
accidents as energy that is released and that affects objects, including living things, in
amounts or at rates that the objects cannot tolerate.
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