is the probability of an undesirable event occurring times the probability that the event would go undetected times the magnitude of the event's consequences if it does happen.
A) Risk
B) Redundancy
C) Liability
D) Certainty

Question

Quizplus · Accepted Answer

This is the formula used to calculate risk, which is the likelihood of a negative event occurring and its potential impact.

Is the Probability of an Undesirable Event Occurring Times the Probability