Examlex
A merger between two businesses in different stages of related businesses is known as a vertical merger.
Posterior Probabilities
The revised probabilities of events or hypotheses after taking into account new evidence or information.
Addition Rule
A probability principle stating that the probability of the union of two events equals the sum of their probabilities minus the probability of their intersection.
Joint Probabilities
The probability of two or more events happening at the same time, often represented as the intersection of events in probability theory.
Conditional Probabilities
The possibility of an event occurring on the basis that another particular event has taken place already.
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