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Risk-Based Inspection

API ICP Self Study Notes

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For example, in driving a car, people accept the probability that they could be<br />

killed or seriously injured. The reason this risk is accepted is that people consider<br />

the probability of being killed or seriously injured to be sufficiently low as to make<br />

the risk acceptable. Influencing the decision are the type of car, the safety features<br />

installed, traffic volume and speed, and other factors such as the availability, risks<br />

and affordability of other alternatives (e.g. mass transit).

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