Examlex
Identify and discuss the drawbacks of operating a business as a sole proprietorship.
Bayes' Law
A theorem using probability to update predictions or beliefs in light of new evidence.
Probability Tree
A diagram that shows the possible outcomes of a series of related probabilities.
Bayes' Law
A theorem describing the probability of an event based on prior knowledge of conditions that might be related to the event.
P(A|B)
The probability of event A occurring, given that event B has already occurred.
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