I came across the following table on page 6 from publication at : https://www.researchgate.net/publication/320008411
I am confused at how the probability number is calculated in the above table.
Example, if definition of rank 4 is it happens once in 10 years, the probability is 1/10 = 0.1. How did the table state 0.01?
Is my interpretation of once in 10 years = 1/10 is the calculation of frequency?
So how is the table column probability number being calculated.
Ranking | Probability | Description |
1 | 0.00001 | Improbable unlikely to occur at all |
2 | 0.0001 | Remote - once in 100 to 1000 years on one ship |
3 | 0.001 | Rare once in 10 to 100 years on one ship |
4 | 0.01 | Occasional - once in 1 to 10 years on one ship |
5 | 0.1 | Frequent once in one year on one ship |
I am confused at how the probability number is calculated in the above table.
Example, if definition of rank 4 is it happens once in 10 years, the probability is 1/10 = 0.1. How did the table state 0.01?
Is my interpretation of once in 10 years = 1/10 is the calculation of frequency?
So how is the table column probability number being calculated.