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Probability deals with the measure of the likelihood of an event to occur. Environmental Regulation, Entitlement Analysis, Financial Regulation, determining pricing and trade decisions can be solved through this [course_title]. From this [course_title] of Probabilistic concepts and methods, you will also be able to solve the problems for integrating the contribution of all contributors to ultimate system performance provided by probabilistic risk and reliability analyses.

### Assessment

This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.

### Certification

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Course Credit: MIT

### Course Curriculum

 Module: 01 Risk, Event Trees and Fault Trees 00:27:00 Reliability and Availability 00:40:00 Structure Functions 00:04:00 Valve Test Example 00:08:00 Basic Probabilistic Concepts 00:15:00 Convergence of Binomial and Normal Distributions for Large Numbers of Trials 00:08:00 Convergence of Binomial and Poisson Distributions in Limiting Case of n Large, p1 00:05:00 Module: 02 Plane Crash Example 00:09:00 Failure, Repair, Maintenance 00:12:00 Reliability and Availability 00:20:00 Operational Availability 00:05:00 Bayes’ Theorem 00:12:00 Bayesian Inference 00:18:00 PRA; An Historical Perspective 00:50:00 Module: 03 PRA Structure and Results 00:22:00 Uncertainty 00:16:00 Types of Uncertainty 00:12:00 Common Cause Failures 1 00:15:00 Common Cause Failures 2 00:20:00 PRA in Managing Operations 00:15:00 Engineered Safety Features 00:13:00 Containment 00:11:00 Assessment Submit Your Assignment 00:00:00 Certification 00:00:00

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