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In Decision Analysis, we use a simplified approach to describing uncertain quantities. We ask a subject matter expert to describe their 80% Confidence Interval. They can do this by identifying what they believe to be the 10th, 50th, and 90th percentiles of probability. This is referred to as a 10-50-90 description of a probability distribution. The interview of a subject matter expert uses a well-established technique that is carefully designed to yield consistent results from many different experts assessing a wide variety of quantities. A Decision Analyst is trained and experienced in the use of this interviewing technique. |
![]() ![]() QED Chapter Name Probability Distribution |
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