In Risk Assessment, Severity, Frequency, and Probability Are All Considered

question 19

True/False

In risk assessment, severity, frequency, and probability are all considered.

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Definitions:

Upper Limit

The maximum value in a given set or the highest value that a variable can assume.

Class

In programming, a blueprint for creating objects that contains specific attributes and methods.

Relative Frequency

The proportion between how often a specific value appears and the overall count of data points observed.

Midpoint

The middle point of a line segment, exactly equidistant from both ends.