Examlex
Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Participatory democracy
Cumulative Profit
The total profit earned over a specific period, calculated by sequentially adding all profit amounts from the start to the end of the period.
Probability
measures the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 means the event cannot happen and 1 means it is certain to happen.
Cumulative Net Profit
The total amount of profit after all expenses have been deducted, accumulated over a period of time.
Probability
The calculation of the probability of an event's occurrence, denoted by numbers between 0 and 1.
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