Questions: Low probability and high impact

Low probability and high impact
Transcript text: Low probability and high impact
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Solution

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Solution Steps

Step 1: Identify the probability of rain

The probability of rain on the selected weekend is given as \(15\%\). This is a relatively low probability.

Step 2: Assess the impact of rain

If it rains, the consequences are severe: they will have to rent a tent, lose indoor space for the caterer, and the DJ will not be able to perform. This indicates a high impact.

Step 3: Match the probability and impact to the options

The scenario describes a low probability (\(15\%\)) and a high impact. This matches the first option: "Low probability and high impact."

Final Answer

\\(\boxed{\text{Low probability and high impact}}\\)

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