The Importance of Probability Calculus in Risk Management

The idea that unlikely is 35%, but realistic probability is 40%. It's just odd. None of these numbers make any sense, but these are numbers are being used. And it's worth bearing in mind that when we're looking at these issues, it's based on probability. So what we're seeing here from the government is the degree of belief that the government and officials have that these terrible things are going to happen.