Previously Calculated Probabilities Are Known as ______ Probabilities

question 155

Multiple Choice

Previously calculated probabilities are known as ______ probabilities.

• A) marginal
• B) prior
• C) subjective
• D) conditional

Grasp the essential characteristics of enterprising organizations and their strategies for competitive advantage.

Comprehend the impact of a family's entrepreneurial activity on innovation and transformational change.

Identify the mechanisms of family corporate venturing and its relevance to enterprising families.

Recognize the importance of effective communication and mentoring in building a successful enterprising family.

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Definitions:

External Causes

Refer to factors or events outside of an organization or individual's control that impact outcomes, operations, or decisions.

Self-serving Bias

A common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures, which can affect self-assessment and behavior.

Attribution

The process of explaining events.

Causal Explanations

Attempts to reveal the reasons or causes behind events, behaviors, or conditions.