Examlex
give a recursive definition (with initial condition(s)) of
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Probability
The quantification of the chance that an event happens, indicated by a numerical range from 0 to 1.
Cumulative Net Profit
The total net profit earned over a specified period, after all expenses have been subtracted from revenues.
Probability
An evaluation of the possibility of an event occurring, expressed using a scale from 0 to 1.
Cumulative Profit
The total profit earned over a specific period, calculated by sequentially adding all profit amounts from the start to the end of the period.
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