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[[terms:uncertainty_risk]]

Uncertainty (Risk)

a reflection of the measured or perceived possible range of outcomes associated with an event or process. Uncertainty can be expressed as deterministic quantitative value, a qualitative value, or as a probability distribution that combines a range of quantitative coefficients with the likelihood that any value in the range will occur.

 
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terms/uncertainty_risk.txt · Last modified: 2011/07/26 09:21 (external edit)