Simplify the Numerical Expression $$1 \frac { 1 } { 3 } \times 1 \frac { 1 } { 5 }$$

question 134

Short Answer

Simplify the numerical expression. Give your answer in reduced form. $$1 \frac { 1 } { 3 } \times 1 \frac { 1 } { 5 }$$

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Definitions:

Deterministic Modeling

A mathematical approach used in planning and decision-making that assumes a certain outcome based on known variables, without accounting for randomness or uncertainty.

Mixed-mode

A method or approach that combines different methods or styles, often seen in research methodologies or learning environments.

Risk Management

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Project Risk

Any uncertain event or condition that, if it occurs, may have a positive or negative effect on a project's objectives.