Probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty.

Probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty.

In 200 words or more.

Probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty. We make risky decisions every day based on quick and often intuitive assessments of the probability of negative consequences.

Share a decision you made in the last 2 weeks that involved considering the probability of something happening and deciding to take a risk anyway.

Perhaps you chose to take a new route home from work, drove above the speed limit, tasted a new dish, did not evacuate the premises during a fire alarm, and so on. Then, respond to the following prompts in your main post:

Describe the possible options you had in the context of the decision.

Share the choice that you decided on and your rationale for making that choice

Answer preview to  probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty.

Probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty.

APA

232 words

Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below

 

About

Yourhomeworksolutions is a one-stop-shop for all your homework needs. You can purchase already completed solutions to be used as samples and you can order assignments to be done afresh by our competent writers.