The Best Definition of "Risk" Is

question 2

Multiple Choice

The best definition of "risk" is

• A)taking a chance.
• B)not being able to understand all the outcomes.
• C)uncertainty about an outcome.
• D)how large the outcome is.

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Definitions:

Sample Proportion

The fraction of the total sample that represents a particular trait or characteristic.

Normal Distribution

A probability distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Sample Size

The number of individual observations or elements taken from a population to form a sample for the purpose of statistical analysis.

Standard Deviation

A metric used to quantify the spread of values in a dataset, demonstrating how far the values deviate from the central value.