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Under what conditions is the binomial distribution symmetric?
Conditional Probability
The estimated probability of an event's occurrence when it is already known that another event has preceded it.
Thomas Bayes
An 18th-century British statistician and clergyman known for formulating the Bayes' Theorem, which describes the probability of an event based on prior knowledge.
Likelihood Probabilities
Quantifies the chance of a particular set of outcomes under specific model parameters, often used in statistical inference.
Prior Probabilities
The probabilities assigned to outcomes based on prior knowledge before any new evidence is considered.
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