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Assessment
What is the main purpose of using Bayesian statistical methods in risk assessment?
To incorporate prior knowledge into the analysis.
To provide exact predictions without uncertainty.
To simplify the risk assessment process.
To completely eliminate personal judgment.
Which statistical technique is commonly used to assess the relationship between two variables in risk analysis?
Linear regression.
Factor analysis.
ANOVA.
Chi-square test.
What does the term 'confidence interval' refer to in the context of risk assessment?
A range of values that is likely to contain the true parameter value.
The exact value of a statistical parameter.
The lowest possible risk level.
The average risk assessment score.
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