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PRMIA Exam 8010 Topic 1 Question 74 Discussion

Actual exam question for PRMIA's 8010 exam
Question #: 74
Topic #: 1
[All 8010 Questions]

For a back office function processing 15,000 transactions a day with an error rate of 10 basis points, what is the annual expected loss frequency (assume 250 days in a year)

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Suggested Answer: A

An error rate of 10 basis points means the number of errors expected in a day will be 15 (recall that 100 basis points = 1%). Therefore the total number of errors expected in a year will be 15 x 250 = 3750. Choice 'a' is the correct answer.


by Ashton at Jul 12, 2025, 10:36 AM

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Bettye
4 days ago
I believe the correct answer is C) 37500.
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Tatum
6 days ago
Hmm, let's see. 15,000 transactions a day, 10 basis points error rate, and 250 days in a year. Gotta be C) 37500, right?
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Junita
6 days ago
I think the answer is A) 3750.
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