Risk assessment, including performance assessment, has created the ubiquitous complementary cumulative distribution function (CCDF). Although some advocate a less imposing label such as ''the risk ...
One aspect of this independence is that one can provide immediately a cumulative probability curve of the chances of exceeding a fixed value, and this curve does not change as the probability ...
The point about this situation is that Pc can have any value in between 50%>Pc>0%. When one assigns any value whatsoever to Pc in the allowed range then the expected ...