Money & Business
Understanding and managing risk
...Source: The Open University, 2010, p. 18) Figure 5 ‘Expected return’ and ‘possible catastrophe’ Scenario A shows the value of a project for the whole range of possible outcomes: it is not a true ‘distribution’ in the proper statistical sense, but is meant to represent qualitatively the same sort of idea. The project is more likely than not to end up with a...