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3-38 In general,maximum levels of losses are more predictable for liability lines than for property lines.
Alpha
Often referred to as alpha level or significance level, it represents the threshold of probability at which null hypotheses are rejected in statistical testing.
Free Throw Percentage
A statistic in basketball quantifying the percentage of free throws made by a player or team compared to the total number attempted.
Proficiency
The level of skill or competence in a particular activity or domain, often acquired through practice or study.
Probability
The measure of the likelihood that an event will occur, quantified between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
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