Risk presented in quantitative risk analysis as a
A) Precise numeric value
B) Form of risk matrix
C) Form of event tree and fault tree

Question

Quizplus · Accepted Answer

Quantitative risk analysis aims to provide a precise numeric value of the risk, typically in the form of probabilities or expected losses. This allows for a more objective and accurate assessment of the risk, as opposed to subjective assessments based on qualitative analysis or risk matrices. Event trees and fault trees are often used in conjunction with quantitative analysis, but they do not provide a precise numeric value of the risk on their own.

Risk Presented in Quantitative Risk Analysis as a