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Friday, 17 November 2006 01:00
A risk is "A measure of the probability that damage to life, health, property, and/or the environment will occur as a result of a given hazard" (EPA 1992, 25). In statistics, "the expected loss due to the use of a given decision procedure" (QAMS 1993, 20).
Other /More definition:
A Risk is likelihood or probability of injury, disease, or death
Other /More definition:
A risk is the probability of injury, disease, or death under specific circumstances. risk can be expressed as a value that ranges from zero (no injury or harm will occur) to one hundred percent (harm or injury will definitely occur). risk-based standards limit the risk that releasing a contaminant to the environment may pose rather than limiting the quantity that may be released.
Other /More definition:
A Risk is the potential for harm to people exposed to chemicals. In order for there to be Risk, there must be hazard and there must be exposure.
 

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