Final answer:
Relative risk, calculated by dividing the incidence in exposed individuals by the incidence in non-exposed individuals, measures the association between a risk factor and a health-related event in epidemiology.
Step-by-step explanation:
A measure of the probability, consequences, and exposure related to an event is often referred to as relative risk (RR) or risk ratio in the context of epidemiology. Relative risk is a crucial concept in understanding the association between a potential risk factor and a health-related event. This statistical measure is calculated by dividing the incidence of the health event in the group exposed to the potential risk factor by the incidence of the event in the non-exposed group. The resulting value helps determine if there is an increased risk associated with exposure to the risk factor. A risk ratio greater than one suggests an increased risk, while a value less than one suggests a decreased risk compared to the control group.