Examlex
________ means that services cannot be seen, tasted, felt, heard, or smelled before they are bought.
Service inseparability
Service variability
Service intangibility
Service perishability
Service heterogeneity
Construction Company
A business entity engaged in the building, design, or execution of construction projects such as buildings, roads, or bridges.
Posterior Probabilities
Probabilities that are revised and updated in light of new evidence or information, commonly used in Bayesian analysis.
Prior Probabilities
Initial probabilities assigned to outcomes or events before new evidence or data is considered.
Bayes' Law
A theorem describing the probability of an event, based on prior knowledge of conditions that might be related to the event.
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