probablity of union
probabilty of union is define as
P(AUB)=P(A)+P(B)-P(AnB) (for not mutualy exclusive data( where atleast one event
is common in two samples)
P(AUB)=P(A)+P(B) (mutualy exculsive)
probablity of intersect
P(AnB)=P(A).P(B)
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Assessment is the intersection of the assessed probability and severity of the hazard called in the Composite Risk Management.
The risk.
The risk.
Risk Level
Risk Level