Examlex
The last step in reading a data flow diagram is
True Probability
The actual likelihood of an event occurring, often contrasted with estimated probabilities derived from models or assumptions.
Subjective Probabilities
The individual's personal judgment or estimate of the likelihood of an event occurring, based on their own knowledge and experience.
Event
An occurrence or happening, especially one of significance.
Law of Small Numbers
A cognitive bias that leads people to make unjustified conclusions based on limited data.
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