Solve (1/5)^0: Applying the Zero Exponent Rule

To solve this problem, let's analyze the expression $(\frac{1}{5})^0$.

• Step 1: Identify the base and exponent
  The base is $\frac{1}{5}$, and the exponent is $0$.
• Step 2: Apply the zero exponent rule
  The zero exponent rule states that any non-zero number raised to the power of zero is $1$. This rule applies universally to all real numbers except zero.
• Conclusion
  Using the rule, $(\frac{1}{5})^0 = 1$.

Therefore, the value of the expression $(\frac{1}{5})^0$ is $1$. Thus, the correct answer is choice $2$.