Question

The calculation of the likelihood of an attack coupled with the attack frequency to determine the expected number of losses within a specified time range is called the __________.

Answer 1

Loss Frequency is the correct answer of this question.

Step-by-step explanation:

Calculating the probability of an event combined with the frequency of the attack to calculate the estimated number of losses within a given time period is called the loss frequency.

• Occurrence of losses is how often there will be losses. The incidence of losses is used to assess the probability of similar future losses.
• If the risk of property damage or ability to perform is unlikely to occur or evolve in the future, you would have low frequency of losses.

For Example:- Loss level for exposure to groundwater if your company is in a wetland is probably high.