Probability of an accident arising because of hazard is minimum subject of other costs

Related Questions

• Subject to probability of hazard, arising will not raise cost factors is referred as
• Hazard probability
• Hazard avoidance
• Hazard
• What is the product of the probability of incurring a loss due to the risk and the potential magnitude of that loss?
• ------------ is the probability that the software will operate correctly over specified time interval.
• Internal costs include
• A _________ is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.
• Minimum possible value of reliability is
• While orientating yourselves to the company’s work practices, you observe that they in fact do not conduct a few tests that they should in order to comply with the relevant safety standard. When you inquire about this from the project manager, he dismisses it saying that those tests are really unnecessary (and takes an unreasonably long time to conduct, as well as being superfluous) and that they have managed with the other tests for so long, without any problems.”