Relative Risk or Likelihood Is Easy to Interpret and Understand

question 23

True/False

Relative risk or likelihood is easy to interpret and understand, and does not require base-rate information.

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Definitions:

Non Est Factum

A legal defense claiming a contract is void because the signer was fundamentally mistaken or misled about its nature.

Restrictions

Limitations or conditions imposed on activities, rights, or behaviors to regulate them.

Innocent Misrepresentation

A false statement made by one party to another, where the person making the statement genuinely believes it to be true.

Rescission

Rescission is a legal remedy that cancels a contract and returns the parties involved to their statuses prior to the contract, as if it never existed.