Examlex
_______ are examples of financial intermediaries.
Probability
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, with 1 indicating certainty.
Tree Diagram
A diagram used to show the total number of possible outcomes in a probability experiment.
Simple Events
A simple event is an outcome or event that cannot be further broken down into simpler components within the context of a probability experiment.
Experiment
A carefully controlled procedure undertaken to discover, test, or demonstrate a hypothesis or the effects of one variable on another.
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