Risk refers to the chance that some unfavorable event will occur, and a probability distribution is completely described by a listing of the likelihood of unfavorable events.

Name: Risk refers to the chance that some unfavorable event will occur, and a probability distribution is completely described by a listing of the likelihood of unfavorable events.
Brand: Quizplus
Rating: 5.0 (28 reviews)

Question

Quizplus · Accepted Answer

A probability distribution describes the likelihood of all possible outcomes, not just unfavorable events.

Risk Refers to the Chance That Some Unfavorable Event Will