Neco 2020 Data Processing Question 40
Practice objective / multiple choice question 40 from the 2020 Neco Data Processing examination.
A company is choosing between two security solutions over a 5‑year period. Solution X: upfront cost ₦150,000; reduces annual breach probability from 0.08 to 0.02. Solution Y: upfront cost ₦80,000 plus annual maintenance of ₦20,000; reduces annual breach probability to 0.05. Each data breach costs ₦2,500,000. Assuming breach events are independent each year, which solution results in the lower expected total cost over the 5 years? Show all calculations and state the chosen solution.
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About This Question
This is Neco 2020 Data Processing Question 40. It is one of the objective questions from the 2020 Neco Data Processing examination.
Difficulty level: Hard .
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