In the formula $P = r \times s$, where $r$ represents likelihood and $s$ represents consequence, the variable $P$ represents risk ________.

### Why this is right The material defines $P = r \times s$, with $r$ representing the likelihood of a risk occurring and $s$ representing the consequence of the associated problem. ### The concept The expression combines how likely a risk is with how serious its consequences are. It helps prioritize attention: a risk can warrant attention because it is likely, because its consequence is severe, or because both are substantial. The course material does not assign specific scales to the variables. ### Terms - **Risk priority**: A way to rank risks for attention. ### Remember In the given expression, likelihood is multiplied by consequence.