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The sample space is the pieces of paper taken two at a time with the numbers 1-7 written on them. What is the probability that the sum of the two numbers drawn is 8?
Generating Alternatives
The process of developing multiple options or solutions to address a problem or seize an opportunity.
Subjective Probability
An individual's personal judgment or belief about how likely an event is to occur, based on their own knowledge and experience.
Objective Probability
The likelihood of an event occurring based on factual and measurable data, independent of personal belief or bias.
Proprietary Information
Secret or confidential information owned by a business, used to gain a competitive edge.
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