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XBRL GL (Also Known as XBRL Global Ledger Taxonomy)serves as a Means

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XBRL GL (also known as XBRL Global Ledger Taxonomy)serves as a means to facilitate efficient communication within a firm.

Identify the role of systematic and unsystematic risk in CAPM.
Determine the expected rate of return on securities using CAPM.
Explain the significance of beta in measuring a security's market risk.
Interpret the Security Market Line (SML) and its implications for asset pricing.

Definitions:

Posterior Probabilities

The revised probabilities of scenarios or hypotheses being true, adjusted after taking into account new evidence or information.

Conditional Probabilities

The probability of an event occurring given that another event has already occurred.

Proper Sample Space

The set of all possible outcomes of a statistical experiment.

Intersection

In mathematics, the set containing all elements that are common to two or more sets.

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