Explanation: Probability identifies the chances that a particular event will happen under certain circumstances. The variables provided are based on information gathered in real life. For situations with large numbers, a smaller set of participants are identified to represent the larger population. This represents a sample of the population. The points are mapped to identify their distribution. Normal distribution refers to the theoretical plotting of points against the mathematical mean. The result of these activities provides a reasonable predictability for the mortality of the subject.
Incorrect Answers:
C: Impact is used to identify the magnitude of identified risks. The risk leads to some type of loss. However, instead of quantifying the loss as a dollar value, an impact assessment could use words such as Low, Medium, or High. Hence it is not mathematical.