ABSTRACT
People are pressed into enacting risk assessments for various reasons. Foremost is the need to be able to consider a range of possibilities rather than a single-valued answer. Loosely speaking, a single-valued result is termed deterministic as opposed to a multi-valued (distribution-based) result that is referred to as probabilistic. The term probabilistic is used because, in addition to relating a range of possible values associated with the answer, a probabilistic result imparts the probability that values in given ranges will occur.
