Single Loss Expectancy: The expected monetary loss every time a risk occurs is called the Single Loss Expectancy. The Single Loss Expectancy (SLE), Exposure Factor (EF) and Asset Value (AV) are related by the formula: SLE = EF * AV Introducing this conceptual breakdown of Single Loss Expectancy into Exposure Factor and Asset Value allows us to adjust the two terms independently and is related to risk management and risk assessment. Asset Value may vary with market changes, inflation while Exposure Factor can be reduced by enabling preventive measures. Annualized Loss Expectancy: The product of the Single Loss Expectancy (SLE) and the Annual Rate of Occurrence (ARO) give Annualized Loss Expectancy (ALE). It is mathematically expressed as: ALE = SLE * ARO The important feature of Annualized Loss Expectancy is that it can be used directly in a cost- benefit analysis.

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Assignment Instructions: You are tasked with developing a program to use city data from an online database and generate a city details report. 1) Create a new Project in Eclipse called "HW7". 2) Create a class "City.java" in the project and implement the UML diagram shown below and add comments to your program. 3) The logic for the method "getCityCategory" of City Class is below: a. If the population of a city is greater than 10000000, then the method returns "MEGA" b. If the population of a city is greater than 1000000 and less than 10000000, then the method returns "LARGE" c. If the population of a city is greater than 100000 and less than 1000000, then the method returns "MEDIUM" d. If the population of a city is below 100000, then the method returns "SMALL" 4) You should create another new Java program inside the project. Name the program as "xxxx_program.java”, where xxxx is your Kean username. 3) Implement the following methods inside the xxxx_program program The main method…

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Chapter 7, Problem 2E

Program Plan Intro

Single Loss Expectancy:

The expected monetary loss every time a risk occurs is called the Single Loss Expectancy.

The Single Loss Expectancy (SLE), Exposure Factor (EF) and Asset Value (AV) are related by the formula:

SLE = EF * AV

Introducing this conceptual breakdown of Single Loss Expectancy into Exposure Factor and Asset Value allows us to adjust the two terms independently and is related to risk management and risk assessment.

Asset Value may vary with market changes, inflation while Exposure Factor can be reduced by enabling preventive measures.

Annualized Loss Expectancy:

The product of the Single Loss Expectancy (SLE) and the Annual Rate of Occurrence (ARO) give Annualized Loss Expectancy (ALE).

It is mathematically expressed as:

ALE = SLE * ARO

The important feature of Annualized Loss Expectancy is that it can be used directly in a cost- benefit analysis.

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