Your question is Qualitative vs Quantitative Risk. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
Explain the difference between qualitative risk analysis and quantitative risk analysis.
For a practical answer, define each approach, compare its inputs and outputs, and explain when you would use one or both during a security risk assessment. Include a brief example and discuss limitations, uncertainty, and how the results inform mitigation priorities.