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NEW QUESTION: 1
If the odds of default are 1:5, what is the probability of default?
A. 20.00%
B. 12.00%
C. 16.67%
D. 50.00%
Answer: C
Explanation:
Explanation
Odds are the ratio between the probability of the occurence of an event to the probability that the event does not occur.
If odds are H, then p = H/(1 + H) and H = p/(1-p). In this case the odds are 1:5, or 1/5, therefore the correct answer is Choice 'a', equal to (1/5)/(1 + 1/5) = 1/6 = 16.67%. All other choices are incorrect.

NEW QUESTION: 2

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

NEW QUESTION: 3
A member of a cluster has experienced a power failure. By default, what is the period of time that member has to wait before rejoining the cluster?
A. 6 minutes.
B. 60 seconds.
C. 500 seconds.
D. 10 minutes.
Answer: A

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