The risk associated with an event is the product of the probability of the event occurring and the hazard associated with the event.
An exposure consist of the potential financial effect of an event multiplied by its probability of occurrence and risk is with probability of occurrence. Thus an exposure is a risk times its financial consequences.
Risk is the probability that a hazard will turn into a disaster. risks can be reduced or managed. Challenge is a call to engage in a contest.
What is the difference between dependant and independent events in terms of probability
probability is a guess and actuality is what will happen
The difference between "at least" and "at most" is not restricted to probability. The difference is simply one between the precise meaning of the phrases in every day English language.
None. The full name is the Probability Distribution Function (pdf).
Proportion is the probability of a selected sample. probability is the true probability of all cases. If this is not what you are looking for then please specify.
what is Difference between wholesaler and retailer on the basis risk?
They are the same. The full name is the Probability Distribution Function (pdf).
the difference is just that non-probability sampling does not involve random selection, but probability sampling does.
For a normal deck of cards, the answer is none.
they are the same