Probability is used to develop knowledge of the fundamental mathematical tools for quantitatively assessing risk?Select one:a.True.b.False.

Risk is often presented as ________, which is a measure of the statistical likelihood that something will occur.A.possibilityB.chanceC.dataD.probability

In decision making risk is measured by :

Which of the following best describes risk in decision making?Question 33Answera.It involves unknown probabilities for possible outcomes.b.It involves known probabilities for possible outcomes.c.It is easily quantifiable and predictable.d.It is characterized by unpredictable outcomes.

Answer True/False to the following question.A risk is a statement about a probability.

Which process involves prioritizing risks based on their probability and impact of occurrence?Group of answer choicesidentifying risksperforming qualitative risk analysisperforming quantitative risk analysisplanning risk responses