_____ Refers to the Probability of One Event, Given the Known

question 19

Multiple Choice

_____ refers to the probability of one event, given the known outcome of a (possibly) related event.

• A)Joint probability
• B)A priori probability
• C)Decisive probability
• D)Conditional probability

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Definitions:

Necessary

In legal and philosophical terms, necessary refers to something required, indispensable, or absolutely needed to achieve a certain outcome or fulfill a condition.

Rescission

The process of formally terminating a contract, returning all involved parties to their pre-contractual state, often due to mistakes, fraud, or misrepresentation.

Punitive Damages

Compensation awarded to a plaintiff beyond actual damages, intended to punish the defendant for particularly harmful actions and deter similar future conduct.

Misrepresents

The act of providing false, misleading, or incorrect information about a material fact, intentionally or otherwise.