7.7 Summary
Probability theory is an integral part of risk assessment. Games of chance such as Craps and card games that have discrete probabilities associated with various outcomes are a good way of explaining probability. Real life events such as car accident potentials might have either a discrete probability associated with them or continuous. For most common types of risk assessments, however, the use of a discrete probability is probably advised so that it is more understandable. The readers are referred to a text on probability and statistics for a more in-depth understanding on these topics.
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