Enterprise Risk Management Slides

Analysis of extreme events [30]

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Bullet points include: Various possible ways of assessing reliability Monte Carlo simulation Or, analytically, using binomial distribution How might we estimate 95% confidence limits for the 1 in 200 quantile, given say 100 data points? How wide are they? Either is versus some ‘prior’ (here the null hypothesis)

Bullet points include: Various possible ways of assessing reliability Monte Carlo simulation Or, analytically, using binomial distribution How might we estimate 95% confidence limits for the 1 in 200 quantile, given say 100 data points? How wide are they? Either is versus some ‘prior’ (here the null hypothesis)

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