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Operator grammar posits three universal constraints: dependency (certain words depend on the presence of other words to form an utterance), likelihood (some combinations of words and their dependents are more likely than others) and reduction (words in high likelihood combinations can be reduced to shorter forms, and sometimes omitted completely).
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
Words such as "may be" and "suggest" are used to reflect situations in which we are unable to assess the likelihood generally because relevant information is nonexistent, sketchy, or fragmented. [12] This explanation is 'a half-step forward, half-step backward'. [citation needed] An agency-sponsored WEP paradigm is progress.
The log-likelihood function being plotted is used in the computation of the score (the gradient of the log-likelihood) and Fisher information (the curvature of the log-likelihood). Thus, the graph has a direct interpretation in the context of maximum likelihood estimation and likelihood-ratio tests .
Risk assessment is used for uncertain events that could have many outcomes and for which there could be significant consequences. Risk is a function of probability of an event (a particular hazard occurring) and the consequences given the event occurs. Probability refers to the likelihood that a hazard will occur.
“This is only on Gig Wage, so there’s a high likelihood these contractors have other earnings we don’t have visibility into, which plays a crucial role in boosting their retirement savings ...
A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms, sometimes simply as lists of synonyms and antonyms.
Analyses are usually developed when directed to do so by a supervisor, when indicated by the use of a first tier risk assessment and when a hazard associated with a task has a likelihood rating of 'possible' or greater. Generally, high consequence, high likelihood task hazards are addressed by way of a job safety analysis.