Examlex
The balanced scorecard enables managers to consider their business from all the following perspectives except
Conditional Probability
The likelihood of an event or outcome occurring, given that another event has already occurred.
Given Event
An occurrence or outcome within a probability space that has a specified probability attached to it.
Independent Events
Two or more events whose outcomes do not affect each other, meaning the occurrence of one event does not change the probability of the other.
Probability
A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.
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