According to the engineering definition of risk,
A) the risk of some unwanted event e is the product of the probability that e will occur and the value of the harm caused by e, measured in whatever unit deemed appropriate.
B) the risk of some unwanted event e is the product of the probability that e will occur and the value of the harm caused by e, measured in dollars.
C) the risk of any event e is the product of the probability that e will occur and the value of the harm caused by e, measured in whatever unit deemed appropriate.
D) the risk of any event e is the product of the probability that e will occur and the value of the harm caused by e, measured in dollars.

Question

Quizplus · Accepted Answer

The engineering definition of risk involves the product of the probability of an unwanted event occurring and the value of the harm caused by that event, where the value can be measured in various units deemed appropriate, not just in dollars.

According to the Engineering Definition of Risk