Differentiate between risk and uncertainty-00631
This subjective question is related to the book/course
vu cs403 Database Management Systems.
It can also be found in
vu cs403 Mid Term Solved Past Paper No. 3.
Question 1: Differentiate between risk and uncertainty.
Answer:
Risk and Uncertainty
Risk is when an outcome may or may not occur but its probability is known while uncertainty is when an outcome may or may not occur but its probability is not known.
