Examlex
Is there a "best method" for determining the value of a business? Why? How should a prospective buyer go about establishing the value of a business?
Probability
The likelihood of occurrence of an event, often represented as a value between 0 and 1.
Binomial Probability
The probability of achieving a specific number of successes in a fixed number of Bernoulli trials with the same probability of success on each trial.
Normal Curve
A bell-shaped curve that is symmetrical about the mean, representing the distribution of a continuous random variable.
Continuity Correction
An adjustment made when using a continuous probability distribution to approximate a discrete distribution.
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