Examlex
The meaning of LOC is:
Event B
A term used in probability theory to denote a specific outcome or set of outcomes from a stochastic experiment.
0 ≤ P ≤ 1
A mathematical expression indicating that the value of P (probability) ranges from 0 to 1, inclusive.
Outcome
An outcome is the result or consequence of an action, experiment, or event, often used in the context of probabilities and statistical experiments.
Classical Approach
A methodological approach in statistics that relies on theoretical probability distributions and assumptions for hypothesis testing and estimation.
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