Examlex
When a firm undertakes systems integration and designates a major trade industry supplier as the systems integrator, what is that supplier known as?
P(B)
The probability of event B occurring.
Relative Frequency Approach
A method of probability assessment that involves observing the outcomes of a random experiment to estimate the probability of each outcome by dividing the number of times a specific outcome occurs by the total number of trials.
Long Term
Referring to an extended period of time, typically considered to be several years or more.
Past Data
Refers to previously collected or observed data used for analysis, comparison, or prediction.
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