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Q: What Is an expression of possible loss adverse outcome or negative consequence in terms of probability and severity?

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What is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity

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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.

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.

It is always non-negative. The sum (or integral) over all possible outcomes is 1.

Related questions

Risk

What is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity

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HAZARD

It's a risk.

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.

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.

6 - 8 = -2 is one possible answer.

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.

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.

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.

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