Neco 2023 Data Processing Question 2
Practice objective / multiple choice question 2 from the 2023 Neco Data Processing examination.
A company is evaluating the adoption of two‑factor authentication (2FA). Without 2FA, the probability of a security breach in a year is \(0.12\); with 2FA, the probability drops to \(0.03\). Each breach costs the company \(500{,}000\) naira. The annual cost of implementing 2FA is \(C\) naira. What is the maximum value of \(C\) (in naira) for which the expected annual cost with 2FA is lower than without it?
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About This Question
This is Neco 2023 Data Processing Question 2. It is one of the objective questions from the 2023 Neco Data Processing examination.
Difficulty level: Hard .
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