Examlex
Explain database record maintenance in Microsoft Access 2016.
Bayes Law
A principle that details the likelihood of a particular occurrence, taking into account previously understood circumstances that may have a connection to the occurrence.
Posterior Probabilities
The updated likelihoods of events or hypotheses upon considering fresh evidence or information.
Expected Monetary Value
A statistical technique in decision-making under uncertainty, calculating the weighted average of all possible outcomes, considering both the probabilities and the monetary impacts.
Optimal Act
The best or most favorable action to take in a given situation, often determining the maximum efficiency or minimum cost.
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