The Percentage of Times That a Specific Result Would Occur

question 1

True/False

The percentage of times that a specific result would occur if an individual were to make the same decision a large number of times is referred to as risk.

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Definitions:

Microchips

Small semiconductor devices containing electrical circuits that can perform calculations or store data, used in electronic devices.

Tires

Rubber-covered, air-filled cylindrical components that provide vehicles with traction and support.

Gain From Trade

The advantage obtained by countries, entities, or individuals from engaging in voluntary trade, due to the specialization and efficient allocation of resources.

Tire

A rubber covering, typically inflated or surrounding an air-filled tube, placed around a wheel to form a flexible contact with the road.