Examlex
Which of the following is an expense item for an independent bookstore?
Probability
A mathematical measure of the likelihood of occurrence of a particular event, expressed as a number between 0 and 1.
Major Earthquake
An earthquake of high magnitude that has the potential to cause significant damage and loss of life, usually above a magnitude of 7 on the Richter scale.
Poisson Model
A statistical model that predicts the probability of a given number of events happening in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.
Probability
The quantification of the probability that an event will take place, expressed as a number from 0 to 1, with 0 signifying that the event cannot occur and 1 signifying absolute certainty of occurrence.
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