It Was Believed That the Probability of Being Hit by Lightning

question 61

Multiple Choice

It was believed that the probability of being hit by lightning is the same during the course of a
Thunderstorm.Which of the following distributions would you use to determine the probability
Of being hit by a lightning during the first half of a thunderstorm?

• A) Normal distribution.
• B) Poisson distribution.
• C) Uniform distribution.
• D) Exponential distribution.

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Definitions:

Risk Management

The method of detecting, evaluating, and managing risks to a company's finances and profits.

Risk Transfer

A strategy in risk management involving shifting the potential risk from one party to another, often through insurance or outsourcing.

Risk Mitigation

Strategies and actions taken to reduce or eliminate the impacts of uncertainty or threats on a project.

Risk Breakdown Structure

A risk breakdown structure (RBS) is a hierarchical framework that categorizes potential risks in a project, organized by source or nature, to facilitate better risk management.