Explore BrainMass

Marginal probability

When an increase in precaution will reduce liability from 10% to 4%, for example, how do you compute that? If the damages were $500,000 would it be 6% of $500,000?

© BrainMass Inc. brainmass.com July 16, 2018, 6:17 am ad1c9bdddf

Solution Summary

Marginal probability is determined. An increase in precaution which will reduce liability is discussed.