Examlex
The vast majority of corporate bonds pay floating rates on a quarterly basis.
P(B|A)P(A)
Represents the probability of event B given event A has occurred, multiplied by the probability of event A; used in the calculation of joint probabilities.
Bayes' Law
A theorem that describes the probability of an event, based on prior knowledge of conditions that might be related to the event.
Conditional Probabilities
Probabilities of events given the occurrence of some other event.
Likelihood Probabilities
The probabilities that reflect the plausibility of different parameter values given the observed data, used in statistical inference.
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