Examlex
Earning $10 for every five people you sign up to a new Internet sales club is an example of a _____ schedule.
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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