Examlex
The real interest rate is the nominal interest rate less the rate of inflation.
Collectively Exhaustive
A term used to describe a set of events that covers all possible outcomes of an experiment.
P(A)
The probability of event A occurring in a given sample space, representing the likelihood of a specific outcome.
Collectively Exhaustive
A condition where all possible outcomes or cases are considered together, covering every eventuality.
Probability
A measure of the likelihood of a given event occurring, often expressed as a number between 0 and 1.
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