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Simplify. Write the answer using positive exponents only.
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Probability
Probability is the measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Diversified Portfolios
Investment strategies involving a mix of assets (stocks, bonds, real estate, etc.) to reduce risk through diversification.
Positive Correlation
A relationship between two variables where they move in the same direction; as one increases, the other also increases.
Recession Risk
The likelihood of an economic downturn, characterized by a significant decline in economic activity across the economy lasting more than a few months.
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