Most probability assessments use a blend of what types of analytical approaches?
A.
Frequency and magnitude of events
B.
Qualitative and quantitative analysis
C.
Likelihood and consequence of failure
D.
Damage mechanisms and failure modes
The Answer Is:
B
This question includes an explanation.
Explanation:
API 580, Section 9.3.1 confirms:
“Most probability assessments use a blend of qualitative and quantitative approaches.”
This reflects that in practice, assessments exist on a continuum, combining qualitative insights (expert judgment) with quantitative data where available.
[Reference: API 580, 2nd Edition (2016), Section 9.3.1 – Types of Probability Analysis, ===========]
API-580 PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 60% Discount on All Products,
Use Coupon: "8w52ceb345"