A Joint Probability Can Have a Value Greater Than 1

question 24

True/False

A joint probability can have a value greater than 1.

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Definitions:

Alpha

In investing, alpha is a measure of performance on a risk-adjusted basis, comparing an investment's excess returns to the market's returns.

Seasonality

A pattern in data that repeats at regular intervals over time, often observed in sales, weather patterns, and agricultural production.

Forecast Error

The difference between the actual demand and the forecasted demand, indicating the accuracy of forecasts.

Bias

A tendency to lean in a certain direction, either in favor of or against a particular thing, person, or group compared with another, often in a way considered to be unfair.