Equation for Risk Calculator

✖Probability of occurrence of an event (x ≥ xt), of how likely an event is to occur, or how likely it is that a proposition is true.ⓘ Probability [p]			+10% -10%
✖Successive Years following in order.ⓘ Successive Years [n]			+10% -10%

✖Risk is the probability of occurrence of an event at least once over a period of n successive years.ⓘ Equation for Risk [R]

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Equation for Risk Solution

STEP 0: Pre-Calculation Summary

Formula Used

Risk = 1-(1-Probability)^Successive Years
R = 1-(1-p)^n
This formula uses 3 Variables

Variables Used

Risk - Risk is the probability of occurrence of an event at least once over a period of n successive years.
Probability - Probability of occurrence of an event (x ≥ xt), of how likely an event is to occur, or how likely it is that a proposition is true.
Successive Years - Successive Years following in order.

STEP 1: Convert Input(s) to Base Unit

Probability: 0.006667 --> No Conversion Required
Successive Years: 10 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

R = 1-(1-p)^n --> 1-(1-0.006667)^10

Evaluating ... ...

R = 0.0647049492873479

STEP 3: Convert Result to Output's Unit

0.0647049492873479 --> No Conversion Required

FINAL ANSWER

0.0647049492873479 ≈ 0.064705 <-- Risk

(Calculation completed in 00.004 seconds)

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Created by Mithila Muthamma PA

Coorg Institute of Technology (CIT), Coorg

Mithila Muthamma PA has created this Calculator and 2000+ more calculators!

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Meerut Institute of Engineering and Technology (MIET), Meerut

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< Risk, Reliability and Safety Factor Calculators

Equation for Risk given Return Period

LaTeX Go Risk = 1-(1-(1/Return Period))^Successive Years

Equation for Risk

LaTeX Go Risk = 1-(1-Probability)^Successive Years

Probability given Return Period

LaTeX Go Probability = 1/Return Period

Return Period given Probability

LaTeX Go Return Period = 1/Probability

Equation for Risk Formula

LaTeX Go

Risk = 1-(1-Probability)^Successive Years
R = 1-(1-p)^n

What is The Log-Pearson Type III distribution?

The Log-Pearson Type III distribution is a statistical technique for fitting frequency distribution data to predict the design flood for a river at some site. Once the statistical information is calculated for the river site, a frequency distribution can be constructed.

How to Calculate Equation for Risk?

Equation for Risk calculator uses Risk = 1-(1-Probability)^Successive Years to calculate the Risk, The Equation for Risk formula is defined as the probability of occurrence of an event at least once throughout 'n' successive years. Risk is denoted by R symbol.

How to calculate Equation for Risk using this online calculator? To use this online calculator for Equation for Risk, enter Probability (p) & Successive Years (n) and hit the calculate button. Here is how the Equation for Risk calculation can be explained with given input values -> 0.064705 = 1-(1-0.006667)^10.

FAQ

What is Equation for Risk?

The Equation for Risk formula is defined as the probability of occurrence of an event at least once throughout 'n' successive years and is represented as R = 1-(1-p)^n or Risk = 1-(1-Probability)^Successive Years. Probability of occurrence of an event (x ≥ xt), of how likely an event is to occur, or how likely it is that a proposition is true & Successive Years following in order.

How to calculate Equation for Risk?

The Equation for Risk formula is defined as the probability of occurrence of an event at least once throughout 'n' successive years is calculated using Risk = 1-(1-Probability)^Successive Years. To calculate Equation for Risk, you need Probability (p) & Successive Years (n). With our tool, you need to enter the respective value for Probability & Successive Years and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Risk?

In this formula, Risk uses Probability & Successive Years. We can use 2 other way(s) to calculate the same, which is/are as follows -

Risk = 1-(1-(1/Return Period))^Successive Years
Risk = 1-Reliability

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