Examlex
The availability of cash to pay debt is a __________ ratio.
Probability Model
A mathematical representation that predicts the likelihood of various outcomes in an experiment.
Possible Outcomes
The various results or consequences that may occur as a result of an experiment or decision, usually in a statistical or probabilistic context.
Probability of 1
Probability of 1 signifies an event that is certain to occur in the framework of probability theory.
Independent Events
Two or more events that do not affect each other's outcomes, meaning the occurrence of one event does not change the probability of the other.
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