Multiple Choice
Which of the following statements correctly relates to the concept of risk?
A) A subjective probability can only be established mathematically or from historical data.
B) An objective probability can be established mathematically or from historical data.
C) Uncertainty only applies when it is possible to assign probabilities.
D) Risk only applies when it is possible to assign probabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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