Examlex
We have ____ received applications from five individuals for the comptroller position.
Probability
A measure quantifying the likelihood of certain events to occur within a given set.
Prior Probabilities
Probabilities that are assigned to events before any empirical data is taken into account, often based on theoretical considerations or past experience.
Multiplication Rule
A principle in probability theory used to find the probability of two independent events occurring simultaneously.
Posterior Probabilities
The revised probabilities of events or hypotheses after taking into account new evidence or information.
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