Prior Probability of an Event Is the Probability of the Event

question 172

True/False

Prior probability of an event is the probability of the event before any information affecting it is given.

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Definitions:

Trust

The reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

Ethical Climate

The collective perception of what is ethically right or wrong in an organization and how ethical issues are addressed.

Enhanced Outcomes

Results or consequences that exceed the original expectations or objectives, often through improved efficiency, effectiveness, or quality.