Examlex
Using an elderly parent's savings for personal expenses without telling the elder is considered
Prior Probabilities
The likelihoods of different outcomes or hypotheses before new evidence is taken into account.
Expected Value
The long-run average value of repetitions of the experiment it represents, essentially a mean of a probability distribution.
Sample Information
Specific data or details derived from a subset of a larger population used for statistical analysis or inference.
Maintenance Company
A business specializing in providing upkeep, repair, and care services for buildings, equipment, or machinery.
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