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What type of distributions are used in risk analysis?
Triangular and circular
Rectangular and beta
Beta and triangular
Matrix
Alpha and beta
The correct answer is Triangular and Beta, there are no circular, rectangular, or matrix distributions. Beta and triangular distributions are frequently used in quantitative risk analysis. The data shown in the figure on the left (Beta Distribution) is one example of a family of such distributions determined by two "shape parameters".
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