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A Statute of Limitations May Limit the Time Within Which

question 14

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A statute of limitations may limit the time within which a plaintiff can file a product liability suit.


Definitions:

Joint Probabilities

The likelihood of two or more events happening at the same time.

Marginal Probabilities

The probability distribution of the random variables individually, without regard to any possible correlations between them.

Conditional Probabilities

The likelihood that an event will happen, given the precondition of another event's occurrence.

Joint Probabilities

The likelihood of two occurrences taking place simultaneously.

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