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Quantitative risk is the numerical determination of the probability of an adverse event and the extent of the losses due to the event. Quantitative risk is calculated as:
Quantitative risk is the numerical determination of the probability of an adverse event and the extent of the losses due to the event. Quantitative risk is calculated as:
A . (Probability of Loss) X (Loss)
B . (Loss) / (Probability of Loss)
C . (Probability of Loss) / (Loss)
D . Significant Risks X Probability of Loss X Loss
Answer: A
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