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The primary difference between qualitative and quantitative risk analysis lies in how risks are assessed and expressed. Qualitative risk analysis evaluates risks using descriptive categories such as low, medium, high, very low, or very high. Quantitative risk analysis, in contrast, uses numerical data, probabilities, and measurable values to estimate the likelihood and potential impact of risks. In risk assessment and vulnerability analysis, qualitative analysis is generally used when exact numerical information is unavailable or difficult to obtain. It considers factors such ___ ____ _________ ______ ________ _________ _____.
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