Examlex
For transactional customers,the business marketer should:
Probabilities
Measures of the likelihood that an event will occur, expressed as a number between 0 and 1.
Probability Values
Numerical values that represent the likelihood of the occurrence of a specific event or outcome.
Mutually Exclusive
Two or more events that cannot happen at the same time; the occurrence of one event precludes the occurrence of the other(s).
Nonzero Probabilities
Probabilities that are greater than zero, indicating that an event has a chance of occurring.
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