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What differentiates a probability from a probability distribution?
A probability indicates the likely-hood that a particular event occurs out of a set number of observations or measurements. A probability distribution allows relative comparison of probability of an event with any other possible event.
What is the probability of an adverse event ocurring?
There terms frequent, likely, occasional, seldom, and unlikely, used in the risk assessment matrix is the level of
Is an event with a probability of 1 more or less likely than an event with a probability of 2?
It is more likely because it can exist. An event with a probability of 2 cannot exist.
What is a numerical probability?
Probability is a numerical measure. Occasionally, though, it is expressed in words such as very likely or not at all likely. But these phrases are (or should be) based on the fact that probability itself is a number.
What is theoretical proablity?
Theoretical probability- what the probability "should be" if all outcomes are equally likely.
