Examlex
The organizational structure of a corporation allows for shareholders to have control over the company's daily operations.
Posterior Probabilities
The probabilities that are computed after taking into account known or observed evidence, often used in Bayesian statistics.
Prior Probabilities
Prior probabilities are the initial estimations of the likelihood of an event, based on existing knowledge before any new evidence is taken into account.
Likelihood Probabilities
The probabilities that express the plausibility of different parameter values given a certain outcome.
Experimental Outcome
The result observed from conducting an experiment, which can be used to test hypotheses and theories.
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