Examlex
What are the benefits of a Risk Solver Platform sensitivity chart?
Mutually Exclusive
Events or conditions that cannot occur at the same time, highlighting a clear distinction without overlap.
Addition Rule
A principle in probability and statistics that calculates the likelihood of any of multiple mutually exclusive events occurring.
Probabilities
The probability of an event happening, expressed numerically between 0 and 1, indicating the event's chance.
Null Hypothesis
A baseline assumption that suggests no significant effect or difference exists, serving as the initial point for conducting tests on statistical significance.
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