CompetencyExamine the application of statistical functions and derivatives as instruments for measuring risks.InstructionsYou will assume the role of a senior analyst hired by a fictitious company, Pr

Grading Rubric

F	F	C	B	A

Not Submitted	No Pass	Competence	Proficiency	Mastery
Not Submitted	An inaccurate overview of how statistics support the risk assessment process is given OR no overview of how statistics support the risk assessment process is given.	An accurate overview of how statistics support the risk assessment process is given.	An accurate overview that includes specific examples of how statistics support the risk assessment process is given.	A thorough and detailed overview that includes specific examples of how statistics support the risk assessment process is given.
Not Submitted	Less than two valid statistical tools that can be used to measure risk are included.	At least two valid statistical tools that can be employed to measure risk are discussed.	At least two valid statistical tools that can be employed to measure risk are discussed with details on specific applications.	More than two valid statistical tools that can be employed to measure risk are discussed with details on specific applications.
Not Submitted	Does not correctly identify which tool will best serve the company's purpose OR does not correctly explain why it is the best tool.	Correctly identifies which tool best serves the company's purpose AND explains why it is the best tool.	Correctly identifies which tool best serves the company's purpose AND gives an explanation of why it is the best tool that includes specific examples of an application of the tool.	Correctly identifies which tool best serves the company's purpose AND gives a thorough and detailed explanation of why it is the best tool that includes specific examples of an application of the tool.
Not Submitted	Less than two valid ramifications of choosing to not use statistics in the risk assessment process are given.	At least two valid ramifications of choosing to not use statistics in the risk assessment process are given.	At least two valid ramifications of choosing to not use statistics in the risk assessment process are thoroughly explained.	More than two valid ramifications of choosing to not use statistics in the risk assessment process are thoroughly explained.