Certainty means when you are 100% sure about the outcome. E.g. Square root of 81. It's like when you check the answer at the back of the book.
Uncertainty means when you don't know about the result or you are doing a question for the first time and you are completely unaware of the information.
Risk means you have partial information. And some of the information is missing.
Risk comes in between the two extremes of certainty and uncertainty.
For more info >> en.wikipedia.org
en.wikipedia.org
Uncertainty means when you don't know about the result or you are doing a question for the first time and you are completely unaware of the information.
Risk means you have partial information. And some of the information is missing.
Risk comes in between the two extremes of certainty and uncertainty.
For more info >> en.wikipedia.org
en.wikipedia.org
