City Guilds Model Questions Vol1 2019 Engineering Question 9
Practice objective / multiple choice question 9 from the 2019 City Guilds Model Questions Vol1 Engineering examination.
In a workshop two hazards are identified. Hazard H1 occurs with probability \(0.02\) per year and costs an average of \(\text{₦}150{,}000\) per incident. Hazard H2 occurs with probability \(0.05\) per year and costs an average of \(\text{₦}80{,}000\) per incident. A safety measure S costs \(\text{₦}20{,}000\) per year and reduces the probability of H1 by 60 % and of H2 by 30 %. Should the workshop adopt S based on expected monetary loss? Show the net monetary effect per year.
Answer Options
About This Question
This is City Guilds Model Questions Vol1 2019 Engineering Question 9. It is one of the objective questions from the 2019 City Guilds Model Questions Vol1 Engineering examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.