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Why is it important to acknowledge everyone who enters the office as soon as possible?
Prior Probability
The probability of an event or outcome before new data is taken into account, used in Bayesian analysis.
Event
A happening or occurrence, often significant in the context it is mentioned.
Posterior Probability
The probability of the parameters of a model or hypothesis being true, given the observed data.
Event
A specific outcome or type of outcome that can occur in a situation or experiment.
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