In the context of development of safety critical systems, if an undesirable event has a ten percent probability of occurring and a potential cost of $50,000, then the risk can be calculated as which of the following?
A)$5000
B)$7000
C)$2500
D)$9500

Question

Quizplus · Accepted Answer

Risk is calculated as the probability of an event occurring multiplied by the potential cost of the event. Therefore, a 10% probability (or 0.1 as a decimal) times $50,000 equals $5,000.

In the Context of Development of Safety Critical Systems, If