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The very concept of the probability of a risk raises concepts that are difficult to accept: chance, randomness, and uncertainty.
The concept of the probability of a particular event of an experiment is subject to various interpretations.
This chapter introduces the idea of a probability experiment, explains the concept of the probability of an event, and presents the axioms of probability.
This paper presents a methodology for the selection of critical design-parameters for the design of Micro Meteoroid and Orbital Debris (MMOD) spacecraft protection based on a modified implementation of the concept of the Probability of No Impact (PNI).
Also, details of this figure are presented in Table 6 using concept of the probability distributions of the errors.
It is the concept of the probability of something given or in the light of some piece of evidence or information that may be acquired.
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It is common in the literature (for example, Shmueli 2011; Hund 2014), but not in the original pioneering work of DR, to associate consumer and producer2 risk with the concepts of the probability of type II and type I error, respectively.
Next, a method for evaluating the psychological response is proposed by introducing the concept of the fuzzy probability.
The approach presented in this paper relies on the concept of the threshold probability at which a decision maker is indifferent between strategies, to suggest the optimal decision [ 27, 29, 30].
There seem to be at least two different concepts of probability: the probability that is involved in degrees of belief (epistemic or subjective probability) and the probability that is involved in random events, such as the tossing of a coin (chance).
The approach is based on an original concept: the analysis of the probability that a photon entering the reaction volume is absorbed by the actinometer.
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