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Lance the Wizard has been informed that tomorrow there will be a 45% chance of encountering the evil Myrmidons and a 20% chance of meeting up with the dreadful Balrog. Moreover, Hugo the Elf has predicted that there is a 12% chance of encountering both tomorrow. What is the probability that Lance will be lucky tomorrow and encounter neither the Myrmidons nor the Balrog ?
Cross Tabulation
A method of presenting and analyzing data involving two or more variables to discover relationships in the data. Also known as cross tab.
Environmental Scan
The process of systematically analyzing external opportunities and threats that could affect the organization's success.
Predictive Information Extraction
The use of algorithms and models to analyze historical data in order to make predictions about future trends, behaviors, or outcomes.
Absolute Value
Absolute value refers to the non-negative value of a number without regard to its sign; it's the distance of a number from zero on a number line.
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