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Navy ORM IS A?
What is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity
Which term most closely matches the description An expression of possible loss adverse outcome or negative consequence such as injury or illness in terms of probability and severity?
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What are the characteristics of probability?
Probability is a numerical value defined for a set of outcomes. It is non-negative and such that the sum or integral over all possible outcomes is 1.
What re the three criteria needed for something to be a probability distribution?
A probability distribution must have a well defined domain - that is, the set of possible outcomes.For each possible outcome, there must be a non-negative value associated - the probability of that outcome.The sum of the probabilities, over all possible outcomes, must be 1.
What are the requirements of a probability distribution?
It is always non-negative. The sum (or integral) over all possible outcomes is 1.
What is an expression of possible loss adverse outcome or negative consequence in terms of probability and severity.?
Risk
Navy ORM IS A?
What is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity
Which term most closely matches the description An expression of possible loss adverse outcome or negative consequence such as injury or illness in terms of probability and severity.?
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Which term most closely matches the description An expression of possible loss adverse outcome or negative consequence such as injury or illness in terms of probability and severity?
f
What is an expression of possible loss adverse outcome or negative consequences in terms of probability?
HAZARD
What term is An expression of possible loss adverse outcome or negative consequence such as injury or illness in terms of probability and severity?
The term you're referring to is "risk." In the context of probability and severity, risk quantifies the likelihood of an adverse outcome, such as injury or illness, occurring and assesses the potential impact of that outcome. It is commonly used in fields like finance, health, and safety to evaluate and manage potential threats.
An expression of possible loss adverse outcome or negative consequence in terms of probability and severity?
Which term most closely matches the desription: Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or property; degradation of mission capability or impact to mission accomplishment; or damage to the environment.
What is an expression of possible loss or injury in terms of severity and probability?
It's a risk.
Is an expression of possible loss adverse outcome or negative consequence in terms of probability and severity.?
Which term most closely matches the desription: Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or property; degradation of mission capability or impact to mission accomplishment; or damage to the environment.
Expression of possible loss adverse outcome or negative consequence in terms of probability and severity?
Loss adverse outcomes can be expressed through a risk assessment framework that considers both the probability of an event occurring and the severity of its consequences. Probability refers to the likelihood of an adverse event happening, often quantified as a percentage or ratio. Severity measures the potential impact of the event, which can range from minor disruptions to catastrophic failures. By combining these two dimensions, organizations can prioritize risks and develop mitigation strategies effectively.
What are the characteristics of probability?
Probability is a numerical value defined for a set of outcomes. It is non-negative and such that the sum or integral over all possible outcomes is 1.
What is the difference between implication and consequence?
They both mean result; but implication is a possible result and outcome of an action, not necessarily negative. whereas consequence is a result of an action, but often not good.
