Please explain the principle of fuzzy numbers
- Please explain the principle of fuzzy numbers? Even if we don’t know for sure, we can make a rough estimate, and improve it later. Provide rationale and examples.
- Please explain what we mean by Risk prevention is more cost-effective than risk detection?
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The principle of fuzzy numbers comprises of quantities whose values are not defined but can rather be approximated. They are usually likened to a function that contains a specified set as its domain. The numbers should be convex, continuous and range between 0 and 1000. An example of fuzzy numbers is in the case of funfair game. As in this example, a person makes a guess on the participant’s weight…
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