The combination (product, actually) of a probability and the associated benefit (or cost) of a certain situation is called the "mathematical expectation", "expectation value", or "expected value".
The combination (product, actually) of a probability and the associated benefit (or cost) of a certain situation is called the "mathematical expectation", "expectation value", or "expected value".
It's a risk.
The intersection of the assessed probability and severity of a hazard is the Risk Level.
what step in the composite risk management process is focused on detemining the probability and severity of a hazard occuring
hazard severity and mishap probability
The combination (product, actually) of a probability and the associated benefit (or cost) of a certain situation is called the "mathematical expectation", "expectation value", or "expected value".
The combination (product, actually) of a probability and the associated benefit (or cost) of a certain situation is called the "mathematical expectation", "expectation value", or "expected value".
It's a risk.
Risk
What is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity
Risk
severity, exposure, and probability
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The intersection of the assessed probability and severity of a hazard is the Risk Level.
The intersection of the assessed probability and severity of a hazard is the Risk Level.
Severity, Exposure, and Probability.