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TVA Safeguard Risk Is a Combined Function of (1) a Threat

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TVA safeguard risk is a combined function of (1) a threat less the effect of threat-reducing safeguards, (2) a vulnerability less the effect of vulnerability-reducing safeguards, and (3) an asset less the effect of asset value-reducing safeguards. _________________________


Definitions:

Z Score

A numeric indicator that represents how a specific value compares to the average of a data set, expressed in units of standard deviations away from the mean.

Statisticians

Professionals who specialize in the collection, analysis, interpretation, and presentation of quantitative data.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Z Score

A statistical gauge that measures how a value compares to the average of a set of values by counting the number of standard deviations it falls from the mean.

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