Suppose a Project Is Subject to the Following Risk Events

Multiple Choice

Suppose a project is subject to the following risk events (each with a given probability of occurring and a cost associated with that occurrence) : $$\begin{array} { l l l } \text { Event } & \text { Probability } & \text { Cost } ( \$ 000 \mathrm {~s} ) \\\text { I } & .2 & 53 \\\text { II } & .6 & 54 \\\text { III } & .1 & 12 \\\text { IV } & .3 & 21\end{array}$$ Given these, Event _____ should probably get the most attention and Event _____ should probably get the least.

A) II; IV
B) III; IV
C) I; III
D) I; II
E) II; III