Which one of the following types of risk analysis uses historical data to assign specific values to consequences and their probabilities to reach a numeric indication of the level of risk? A. Qualitative analysis B. Expert analysis C. Predictive analysis D. Quantitative analysis
D. Quantitative analysis
The type of risk analysis that uses historical data to assign specific values to consequences and their probabilities to reach a numeric indication of the level of risk is referred to as Quantitative Analysis. In this type of analysis, the risks are evaluated based on the available quantitative data, which includes historical patterns, statistical data, and quantitative models. The purpose of this type of analysis is to provide decision-makers with a more precise estimation of the probability and impact of potential risks. The results of a quantitative analysis are expressed using numeric values, which allow for a more objective comparison of different risks, and they provide a basis for decision-making that is more accurate and reliable.
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