A supervisor rates a once-in-fifty-year pipe-burst flood the same likelihood as weekly slip incidents because both 'could happen.' What scoring error is this?
Select an answer to reveal the explanation.
Short Explanation
Sure, both 'could happen'—so could winning the lottery and spilling coffee. Likelihood scales exist to separate rare from routine. Do not flatten every possibility into the same bucket.
Full Explanation
Likelihood scales distinguish relative probability so rare and frequent events are not scored identically. Treating every event that 'could happen' as equal collapses the scale into a single meaningless band. Differentiated probability levels support comparable risk ratings. Accurate likelihood assessment is a foundation of corporate risk evaluation.