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- Reasoning for the preference for risk analysis intervals rather than specific numbers in terms of chance and consequence is unclear.Explain the relationship between NPV and risk. Use formulas to support your claims in a variety of situations with varying degrees of risk?Why are probability and consequence intervals preferable than precise numbers in risk analysis?
- When it comes to risk analysis, why are intervals of probability and consequence preferred than precise numbers?Why are intervals of probability and consequence preferable over exact figures in risk analysis?Why is it preferable to use intervals of chance and consequence rather than exact figures when analyzing risk?
- While doing a risk assessment, it is preferable to make use of intervals of likelihood and consequence rather than specific numbers.Why do risk analysts choose probability and consequence intervals over precise numbers?Why is it better to analyze risk using intervals of chance and consequence rather than precise numbers?