c) On sober reflection, what’s most likely to happen. The weighted average of these is your most probability forecast. Calculate it using the formula [a + b + (4 x c)].

Compound Interest Formula: Get here formula of the compound interest along with how to calculate, difference between compound and simple interest and more.

Learn how to calculate Value at Risk (VaR) to effectively assess financial risks in portfolios, using historical, variance-covariance, and Monte Carlo methods.

At the time of the announcement in January, the asteroid’s impact probability was reported to exceed 1%. The impact probability describes how likely a hazardous asteroid is to hit Earth.