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".
The expression of risk associated with a hazard that combines its severity and probability into a single Arabic numeral is often referred to as a "Risk Score" or "Risk Index." This score quantifies the potential impact of a hazard by assessing both the likelihood of its occurrence and the severity of its consequences. It serves as a valuable tool for prioritizing hazard abatement measures, enabling organizations to allocate resources effectively based on the level of risk.
A more complicated expression.
It is a bigger expression.
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".
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".
A more complicated expression.
It is a bigger expression.
It is simply a more complicated expression.
It is an algebraic expression.
It is an algebraic expression.
It is called an expression.
An expression which combines numbers and operations
It combines like terms and results in the least amount if variables to solve for
A smartphone combines the features of a personal computer and a phone and is useful for mobile or handheld use.