Question: How does quantitative risk assessment (QRA) provide a more nuanced understanding of risk by incorporating statistical models and probability theory, and what are the limitations

How does quantitative risk assessment (QRA) provide a more nuanced understanding of risk by incorporating statistical models and probability theory, and what are the limitations of this approach in complex systems ?

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Quantitative Risk Assessment QRA is a systematic approach that uses statistical models and probability theory to estimate the likelihood and potential ... View full answer

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