Celgene would take Approximately $4.8 Billion less in Revenue per year Step-by-step explanation Initial annual revenue = $8 billion Decrease in revenue = Initial revenue x 60% = $8 billion x 60% = 4.8 bn
What is revenue in businesses?
Revenue is the cash that a business generates via its operations. Depending on the accounting technique used, there are various ways to compute revenue. Sales made on credit will be counted as revenue for products or services delivered to the customer in accrual accounting. Revenue may be recognised in accordance with certain standards even though payment has not yet been made.
The cash flow statement must be examined in order to determine how effectively a business collects debts. Contrarily, cash accounting only counts sales as revenue when money has been exchanged. A "receipt" is a record of money given to a business. Even without income, receipts are possible.
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Match each of the five dimensions of service quality with its definition. Appearances of physical facilities, equipment, personnel, and communication materials.A. Reliability; B. Responsiveness; C.Assurance; D. Empathy; E. Tangibles
Five dimensions of service quality: Appearances of physical facilities, equipment, personnel, and communication materials is tangibles.
The graphic below depicts the five aspects of service quality that Parasuraman, Zeithamel, and Berry (1985) identified giving each consumer individualized, considerate care so they may have their needs appropriately met.
The degree to which a service satisfies a customer's expectations is referred to as service quality. Learn about what "service quality" is and its components, which include "tangibles," "reliability," "responsiveness," "assurance," and "empathy."
Hence the correct option is E
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in a blank , members of the channel pursue their own goals and maximize their own profits, regardless of the effect on other channel members.
Members of the channel pursue their own objectives and seek to maximize their own profits in an administered marketing system, regardless of how this may affect the interests of other channel participants.
A marketing system is what?
When you have projects or tasks that are repeated frequently, you can use marketing systems to improve the efficiency of the entire marketing process. A marketing system is a set of repeatable, dependable procedures a marketer follows to complete their daily tasks.
Marketers frequently use marketing systems in an effort to replicate routines when speaking with customers, creating social media campaigns, collaborating with influencers, or even sending mailers to current clients.
The effectiveness of each of these marketing initiatives can be increased by establishing a set of guidelines that the marketer can use to launch campaigns and other marketing initiatives without having to start from scratch each time.
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an investor wishing to assess a company's overall financial position at the end of the period would probably examine the:
An investor who wanted to judge a company's overall financial standing at the end of the term would likely look at the: Cash Flow Statement and Income Statement.
What reveals the financial standing of the organization at the end of a predetermined period?
A company's financial situation is enumerated on the balance sheet at a certain time. An overview of the company's financial performance for a specific time period is offered by the income statement. In order to provide accurate information, it is further classified to include assets, liabilities, and shareholder's equity.
What aspects of financial statements ought investors to check for?
Investors will be interested in information that reveals the company's present financial situation. They typically anticipate seeing recent reports, including a profit and loss statement, a balance sheet, a cash flow statement, as well as projections for the following two to three years.
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marc determines that his company spent $15,000 to hire three new programmers through employee referrals and another $75,000 to hire five new programmers through a private employment agency. which statement is correct about these recruiting efforts?
Statement that is correct about these recruiting efforts, The cost per hire for referrals was lower, at $5,000 per hire.
What is recruiting?Recruiting is the process of actively seeking, finding and hiring candidates for a particular position or position. The definition of recruiting includes the entire recruitment process from recruiting to integration of individual employees into the company.Hiring is the active process of identifying, interviewing and hiring employees for a job. With more people applying for jobs, the chances of hiring the right candidate increase. This is another reason why diversity is important in the hiring process. Recruiting refers to the process of identifying, hiring, interviewing, selecting, recruiting, and onboarding employees. In other words, it includes everything from identifying staffing needs to meeting them.The recruiting process finds candidates with the best skills, experience and personality for the position. This includes collecting and reviewing a series of resumes, conducting interviews, selecting and onboarding employees who will eventually start working for the company.To learn more about recruiting from the given link :
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you'd like to improve an ad's perceived quality during an ad auction. what aspect of the ad will be most beneficial for you to work on?
If you want to improve an ad's perceived quality during an ad auction, the aspect of the ad which would be most beneficial for you to work on is: B. Improving the navigability of the landing page.
What is an ad?In Business management, an ad is an abbreviation for advertisement and it can be defined as a group of consumer and sales promotion campaign which is designed and developed with the sole intention of making the various quality goods or services that are being produced or offered by a business organization (company) to become known, popular and familiar to all of its customers and potential customers.
In this scenario, an improvement of the navigability of the landing web page is an aspect of the ad which would be most beneficial in enhancing its perceived quality during an ad auction.
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Complete Question:
You'd like to improve an ad's perceived quality during an ad auction. what aspect of the ad will be most beneficial for you to work on?
Removing an extension from the ad.
Improving the navigability of the landing page.
Increasing the bid amount of the ad.
Determining the location of users.
an item not subtracted in determining accumulated taxable income for the accumulated earnings tax is dividends paid. net long-term capital gains reduced by the attributable taxes. net capital losses. a net operating loss deduction from a prior year.
A net operating loss adjustment from a previous year is an item that is not taken into account when calculating accumulated tax liability for such accumulated earnings tax.
What is income?
The money that a person or organization receives in return for their labor or products is referred to as income. Depending on the situation, such as in taxation, financial accounting, or economic analysis, the definition of income may vary.
The majority of people define their income as all of their receipts, including wages and salaries, investment returns, pension payments, and other types of payments. For businesses, income consists of the profits from selling their goods and services as well as any interest or dividends they may have received in relation to their cash accounts and business reserves.
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Question:
An item not subtracted in determining accumulated taxable income for the accumulated earnings tax is
A. dividends paid within 2 ½ months after the end of the corporate tax year
B. net long-term capital gains reduced by the attributable taxes
C. net capital losses
D. a net operating loss deduction from a prior year.
select all that apply the expenditures that firms incur in acquiring economic resources flow to households in the form of . multiple select question. services profit rent costs wages interest
The households that provide the resources get income from these expenses. the expenditures that firms incur in acquiring economic resources are Services profit wages, rents, interest .
What Expenditures Incur in acquiring economic resources ?A business will eventually look for the production technology that will enable it to produce the necessary level of output for the least amount of money.
The LRAC curve, along which a business would try to reduce its cost per unit for each specific long run quantity of otuput, is connected to the long run. The most fundamental relevance of resource pricing is because it significantly affects how much people earn.
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what is the predicted return of tsla on aug 7, 2018 given the actual return of the market index on that same day?
Tesla’s market value at $420 a share would be about $71 billion. the predicted return of TSLA on Aug. 7, 2018 given the actual return of the market index on that same day.
What did Tesla do in 2018?
Tesla recorded its highest quarterly profit ever and its first profit in two years in 2018. In the first full year of production of its most affordable vehicle, the company shipped close to 100,000 Model 3s.
On November 4, 2021, the closing price of Tesla stock reached an all-time high of 409.97. The 52-week high of the Tesla stock is $402.67, which is 120.1% more expensive than the current share price. The 52- low stock price for Tesla is 166.19, or 9.1% less than the current share price.
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super sports store requires buyers to buy a new soccer ball with every pair of cleats. economists question the ability of firms to use this practice of to expand their market power because if buyers are not willing to pay for the soccer ball, .
The soccer player with lime green cleats kicked the ball into the goal.
Is sport an economic activity?
The lime green cleats describe which soccer player kicked the ball into the goal, thus, the first option isn't possible because the goal has no cleats. The second option doesn't tell which soccer player kicked the ball into the goal, as "lime green cleats" is collocated at the end. And finally, letter D can be interpreted as if the lime green cleats were kicked along with the ball.Letter C is perfectly in order because it is mentioning which soccer player kicked the ball into the goal: who? the one with the lime green cleats.Sports economics is a discipline of economics focused on its relationship to sports. It covers both the ways in which economists can study the distinctive institutions of sports, and the ways in which sports can allow economists to research many topics, including discrimination and antitrust law.Leran more about Super sports here,
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you present to your stakeholders, and they express concern about how your results compare to previous results. which kind of objection are they making? 1 point presentation skills data findings analysis
Presenting to your stakeholders, and they express concern about how your results compare to previous results. This kind of objection they are making is findings analysis.
Stakeholders include any people or organisations that are impacted by a project, initiative, policy, or organization—whether in a positive or bad way. Individuals who work for your business could be internal or external (people outside of your organization).
Those with a stake in a company and the potential to influence or be impacted by it are called stakeholders. Typically, a corporation's investors, staff, customers, and suppliers make up its main stakeholders.
A stakeholder's primary duty is to contribute their knowledge and viewpoint to a project in order to help the business realise its strategic objectives.
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amal purchases a refrigerator from Appliances For You under an installment agreement. The price of the refrigerator is $1,500. Jamal is required to pay very low monthly payments, but the payments are to be made over a period of several years. By the end of the contract, Jamal will have paid $12,000 for the refrigerator. Jamal signs the agreement anyway, because he really needs a refrigerator. If Jama later tries to rescind the contract:Jamal may rescind the contract because the contract is illegal on its face.Jamal may rescind the contract because it is a contract of adhesion.Jamal may not rescind the contract because it is in writing.Jamal may not rescind the contract because it meets all the requirements of a valid contract for the sale of goods under the U.C.C.
If Jama later tries to rescind the contract:Jamal may rescind the contract because it is a contract of adhesion.
What is contract of adhesion?A contract with disproportionate bargaining power between the parties prevents the weaker party from negotiating for changes to the terms of the agreement. This type of contract is referred to as an adhesion contract or a contract of adhesion.When you speak with the landlord about the lease, he or she informs you that nothing can be modified and that you are free to take or reject the unit. Because you really want the apartment, you decide to sign the contract and declare that there won't be any pets there. An adhesion contract also looks somewhat like this.
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explain what is meant by the two-transaction method in recordingnexporting or importing transactions
In the two-transaction method, the nation that is exporting or importing the goods uses its own currency and a currency related to the business, which either results in gain or loss in transactions from initial sales.
What do you understand by this method?A purchase or sale is thought of as a separate transaction from the mechanism of settlement. A company has two options after making a purchase or sale: either settle at the transaction date to prevent any gain or loss from future changes in the exchange rate, or buy a forward contract to do so while also avoiding a gain or loss from retaining foreign currency obligations.
Management has the discretion to decide on a settlement, and this option shouldn't affect the worth of a buy or sell transaction.
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Which of the following is true? a. Full employment does not mean there is a "zero" percent unemployment rate. b. Full employment is the situation in which an economy operates at an unemployment rate equal to the sum of the frictional and structural unemployment rates. c. Full employment exists when there is no cyclical unemployment. d. The GDP gap measures the monetary losses of real goods and services to the nation from operating at less than full employment e. All of the above answers are correct.
In economics, full employment does not mean that 100% of the labor pressure is employed. Even when the actual GDP is at viable GDP, frictional and structural unemployment exists in the economy. Therefore, full employment is when cyclical unemployment is zero.
Does full employment suggest zero employment?Full employment embodies the best possible amount of knowledgeable and unskilled labor that can be employed inside an financial system at any given time. True full employment is an ideal—and probable unachievable—situation in which all and sundry who is willing and able to work can locate a job, and unemployment is zero.
Economists estimate that the full employment charge is between 94 and ninety six percent (meaning the unemployment charge is from 4 to 6 percent). Some unemployment is inevitable – even healthy.
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https://brainly.com/question/7955208#SPJ4a comprehensive project scope document is ____ the work breakdown structure.
A comprehensive project scope document is important because it is the foundation for creating the work breakdown structure.
What is document?
The term “document” refers to the details and information that are in written and electronic form. The documents are sometimes confidential and contain personal information.
According to the work breakdown structure, was the scope and visualize project to they are the main to the reason of the project scope document are the foundation for creating the work.
As a result, the comprehensive project scope document is important because it is the foundation for creating the work breakdown structure.
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What is the type of investment that is used by a governments and companies to raise money by borrowing from investors?.
Governments and corporations use bonds, also referred to as fixed income instruments, to raise money by borrowing from investors.
What are the benefits of investing in bonds?Bonds have a number of benefits:
Capital preservation refers to safeguarding your investment's total value by using assets that guarantee a return of principal. Bonds can be a wise choice for investors with less time to recover losses because they typically carry less risk than stocks.Bonds generate income in the form of coupon payments, which are made at regular intervals in a fixed amount.Diversification: By holding a mix of stocks, bonds, and other asset classes, you can create a portfolio that seeks returns while remaining resilient in all market conditions. Typically, the relationship between stocks and bonds is inverse, which means that when the stock market declines, bonds become more desirable.Risk management: It is generally agreed that fixed income carries less risk than stocks. This is so because fixed income assets are typically less vulnerable to macroeconomic risks like economic downturns and geopolitical events.Invest in your neighborhood: By purchasing municipal bonds, you can support your neighborhood. Even though these bonds might not have the same high yield as corporate bonds, they are frequently used to fund the construction of facilities that raise the standard of living for many people, such as hospitals and schools.To Learn more About fixed income instruments refer to:
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What types of incentives are these duties and taxes?.
The correct option is (d). Duties and taxes are negative incentive and tariff types of incentives.
Negative incentives are also known as
disincentives which means to punish
individuals financially for taking 'certain
action'. This is the way of encouraging
'specific actions' without making them
obligatory or compulsory.
A tariff is referred to as a "tax imposed"
by one nation on the 'goods and services'
imported from another nation or country.
Tariff should be paid on certain classes of
exports or imports.
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Completed question: Often duties and taxes are imposed on cars that are imported from other countries. What types of incentives are these duties and taxes? positive incentive and subsidy. negative incentive and subsidy. positive incentive and tariff. negative incentive and tariff.
the roles of directing is technicians, working with senior management to procure and implement is, and developing policies for corporate is typically falls to the information system
The roles of directing information system (IS) technicians, working with senior management to procure and implement IS, as well as developing policies for corporate IS typically falls to the information system program manager.
A program manager refers to a strategic project-management professional whose job tasks include helping oversee and coordinating the various projects, products, and other strategic initiatives across a company. Moreover, a program manager provides strategic guidance to project managers of the company and facilitates communication among a cross-functional team of a program.
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if the central bank decreases the amount of reserves banks are required to hold from 20% to 10%, then:
Both the supply of money and also the money multiplier in the economy will increase if the central bank decreases the amount of reserves. So that, the customer's deposits will increase.
A reserve bank or known as monetary authority or also central bank generally can be defined as an institution that manages monetary policy and also the currency of a state or formal monetary union, and oversees their commercial banking system. A central bank possesses a monopoly on increasing the monetary base In contrast to a commercial bank. The amount reserves in central bank can be calculated by multiplying its total deposits by the reserve ratio.
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assume an economy is in long-run equilibrium and the central bank engages in an expansionary monetary policy for a prolonged time period. if the velocity of money is constant, which of the following is true according to the quantity theory of money?
if the velocity of money is constant, which of the following is true according to the quantity theory of money then the level of prices will rise in step with the expansion of the money supply.
What is quantity theory?According to the quantity theory, there amount of money in circulation and the level of prices in a given economy are directly correlated. The price level changes proportionally in response to shifts in the money supply but also vice versa.
When a country's economy is in long-term balance, its central bank will frequently adopt a monetary policy of expansion. In accordance with monetarism, if the value of circulation is consistent, the price levels will grow in step with only an increase in the cash supply.
Strategies that encourage saving and, by extension, investment, boost economic development. According to this, programs that support technical advancement, such as tax breaks for R&D, boost economic growth.
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Broke benjamin company has a bond outstanding that makes semiannual payments with a coupon rate of 5. 6 percent. The bond sells for $951. 07 and matures in 12 years. The par value is $1,000. What is the ytm of the bond?.
The yield to maturity of the bond is 5.96%
What is yield to maturity?The yield to maturity (YTM), book yield, or redemption yield of a bond or other fixed-interest security, such as gilts, is an estimation of the total rate of return expected to be earned by an investor who purchases a bond at a specific market price, holds it until maturity, and receives all interest payments and the capital redemption as scheduled. It is the internal rate of return, or the discount rate at which the present value of all expected future bond cash flows equals the bond's market price. In reality, a bond's investment return is significantly influenced by the rates that will actually be paid on reinvested interest payments.
I/Y = 2.98%
Annual YTM = 5.96%(2.98%*2)
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The government of Eastlandia uses measures of monetary aggregates similar to those used by the United States, and the central bank of Eastlandia imposes a required reserve ratio of 10%. Given the following information, answer the questions below. [8] Bank deposits at the central bank - $200 million Currency held by public = $150 million Currency in bank vaults = $100 million Checkable bank deposits = $500 million Traveler's checks = $10 million a. What is MI? [2p] b. What is the monetary base? (2p] c. Are the commercial banks holding excess reserves? (2p) d. Can the commercial banks increase checkable bank deposits? If yes, by how much can checkable bank deposits increase?
Part a: M1 is the total amount of cash in circulation: $660 million.
Part b: monetary base: $450 million.
Part c: commercial banks holding: $50 million.
Define the term monetary aggregates?The country's money stock is gauged by the monetary aggregates.The sum of the dollar quantities of circulated cash plus nonbank travelers checks plus checkable deposits is known as the M1 monetary aggregate, which is the most specifically specified monetary aggregate.Part a: M1 is the total amount of cash in circulation:
public ($150 million), checkable deposits ($500 million), traveler's checks ($10 million), or $660 million.Part b: monetary base:
The total of the public's currency holdings ($150 million) plus the commercial banks' reserves [cash in bank vaults ($100 million) plus bank deposits ($200 million)] makes up the monetary base.
The base amount of money is $450 million.
Part c: commercial banks holding.
$50 million (or 10% of $500 million) in reserves are necessary.
The commercial banks have holding $250 million ($300 million $50 million) in surplus reserves because the total reserves are $300 million ($100 million in cash in bank vaults plus $200 million in bank deposits at the central bank).
Part d: checkable bank deposits:
The commercial banks are able to raise deposits because they have extra reserves. Reserves of $300 million can cover deposits of $300 million/0.1 = $3,000 million with a required reserve ratio of 10%. Deposits at commercial banks can rise by an additional $2,500 million.To know more about the monetary aggregates, here
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countries such as the uk that have split the railway industry require active to make sure that different companies do not try to run trains in different directions at the same time.
The UK's Office of Rail and Road (ORR) is responsible for making sure that different companies do not try to run trains in different directions at the same time.
The United KingdomFranceGermanyItalySpainPortugalBelgiumThe NetherlandsSwitzerlandAustriaCountries that have split the railway industryThe ORR is responsible for ensuring that different companies do not try to run trains in different directions at the same time in order to avoid disruptions to the rail network. This is necessary in order to keep the rail system running smoothly and efficiently.
The ORR ensures that different companies coordinate their train schedules in order to avoid any disruptions to the rail network. This is necessary in order to keep the rail system running smoothly and efficiently.
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What is an example of public-private partnership?.
An example of a Public-Private Partnership (PPP) is Canada's 407 Express Toll Route (407 ETR) between the provincial government of Ontario and a private consortium that was responsible for the design, construction and maintenance of the highway.
What is a Public-Private Partnership?As a form of partnership, a public-private partnerships involve mutual collaboration between the government agency and a private-sector company that can be used to finance, build, and operate projects like public transportation networks, parks, and convention centers.
The financing of a project through the public-private partnership can allow a project to be completed sooner or make it a possibility in the first place.
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Daria applies for a position at Corinthian Tire Works as an assembly line worker. The only requirements for the job are a high school diploma and the ability to lift thirty pounds. Daria is called in for an interview with the supervisor, Edwardo. The interview goes very well, and Daria is sure she will get the job. Three days later, however, Daria receives a phone call from Edwardo informing her that she did not meet their needs. Edwardo states to Daria that they need to make sure their employees have the stamina required for the job. Daria remembers that during the interview Edwardo kept looking at her medical alert bracelet, which she wears because she is a diabetic. If Daria decides to sue Corinthian Tire Works for discrimination based on disability:
Daria will likely succeed if she can show that her being a diabetic is one of the reasons she was denied the position because diabetes qualifies as a disability under federal law.
Daria will likely not succeed because diabetes does not qualify as a disability under federal law.
Daria will likely not be successful because under the employment at will doctrine Corinthian can hire whichever employees it desires.
Daria will likely succeed if she can show that her being a diabetic is the only reason she was denied the position because diabetes qualifies as a disability under federal law.
Based on the situation provided in the question ff Daria decides to sue Corinthian Tire Works for disability discrimination Daria will likely succeed if she can show that her being a diabetic is the only the reason, she was denied the position because diabetes qualifies as a disability under federal law. (Option D)
Disability discrimination refers to a form of discrimination where an individual is treated less favorably or discriminated against and not provided with the same opportunities as other people in a similar situation based on their disability. Americans with Disabilities Act (ADA) is a federal law which disallows discrimination on the basis of disability in employment, public accommodations, commercial facilities, telecommunications, transportation, and state and local government applying to the United States Congress. Under ADA, diabetes is categorized as disability and employees with diabetes are protected from discrimination. Hence, if Daria was to sue the company, she can succeed as long as she can establish that the only reason that she was denied the position was based on her disability which is diabetes as it is considered a disability.
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What are interest groups and what do they want ?.
A interest group is a group of people who share a common goal and organize to influence a government. They are trying to influence the government.
What is the purpose of interest groups?
Interest groups are formed to advance the interests and causes of their members. They are primarily concerned with influencing public order. Interest groups are sometimes called 'pressure' groups or 'lobby' groups because their primary function is to put pressure on policy makers.
How important is interest to our society?Interest is a powerful motivational process that stimulates learning, guides academic and professional careers, and is essential to academic success. Interest is both a psychological state of attention and influence on a particular object or subject and a persistent tendency to reengage over time.
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write the first expression in terms of the second if the terminal point determined by t is in the given quadrant. sin(t), cos(t); quadrant ii
The first expression in terms of the second, if the terminal point determined by t is in the given quadrant, will be (-4/5, 3/5).
Go to "UNIT CIRCLE" to get the answer to the first question. In the second quadrant, all sin values are "+" and all cos values are "-." (90 < θ < 180)
Where x is defined as (-1 < x < 0)and y is defined as (0 < y < 1), sin t = y and cos t = x --> (-x, y). Sin = (y/r), Cos = (-x/r), Tan = (y/-x), CSC = (r/y), SEC = (r/-x), cot = (-x/y), etc.
You can rewrite sin t as y = (3/5) since sin t = y. If you keep in mind that sin2 + cos2 = 1, you can use this formula to find the x-point by substituting the sin value. (3/5) 2 + (x)2 = 1. You will be given the options x = +(4/5) and -(4/5); you must select the proper number for the second quadrant, where x equals (-), indicating that x = -(4/5). The point will be (-4/5, 3/5) in the conclusion.
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Precise Parts, Inc., and Quality Auto stores enter into a contract for a sale of auto parts that meet certain specifications. Precise Parts ships goods that do not comply. Quality Auto a. cannot reject the entire shipment. b. can reject the entire shipment. c. must accept the entire shipment. d. must reject the entire shipment.
If Precise Parts ships goods that do not comply, Quality Auto:
b. Can reject the entire shipment.
What should Quality Auto do?If Precise Parts ships goods that do not comply with the standards agreed to by Quality Autos, then Quality Auto reserves the right to reject the entire shipment. When two parties decide to enter into a contract, it is very important that all parties stick to the terms of the contract.
It will be wrong for Precise Parts to breach the contract by supplying the wrong parts. So, Quality Auto reserves the right to reject the entire shipment.
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What is the practice called when a business prices its goods or services so low that other businesses can no longer compete and are driven from the market?.
When a business prices its goods or services so low that other businesses can no longer compete and are driven from the market the practice called predatory pricing.
What do you mean by the Predatory pricing?The practice of predatory pricing involves charging below-cost prices in order to undercut rivals and gain an unfair competitive advantage.
When a vendor uses predatory pricing, other suppliers are unable to compete and are compelled to leave the market.
A corporation that does this will initially experience losses, but later reaps rewards by forcing rivals out of the market and boosting prices once more.
This technique of predatory pricing frequently leads to the development of monopolies that have long-term market dominance.
Therefore, when a business prices its goods or services so low that other businesses can no longer compete and are driven from the market the practice called predatory pricing.
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in which of the following situations can bob disaffirm the contract with adrian and obtain the return of the item sold under the contract to adrian?
Bob sells forty acres to Adrian.- Disaffirmance is the proper for one birthday party to renounce a contract.
The man or woman must point out that they will no longer be bound by the phrases outlined in the settlement expressly or implicitly. People who can show they lacked the capacity to enter a legally binding contract and minors can disaffirm a contract.
How long does a minor have to Disaffirm a contract?Incapacity to Contract
If a minor desires to disaffirm a contract upon attaining the age of majority, 18 in most states, he have to do so within a reasonable time after accomplishing the age of majority. For example, returning a formerly bought auto two weeks after turning 18 was soon ample to qualify as a disaffirmation.
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https://brainly.com/question/6655588#SPJ4Bayes' rule is used for updating the probability of an uncertain outcome after observing the results of a test or study. True or False
True, Bayes' rule is used for updating the probability of an uncertain outcome after observing the results of a test or study.
The method for calculating conditional probability is known as Bayes' Theorem, after the British mathematician Thomas Bayes who lived in the eighteenth century. The possibility of a result happening based on the likelihood that a comparable outcome has already happened in the past is known as conditional probability. The Bayes theorem offers a mechanism to update probabilities for current predictions or theories in light of fresh or additional evidence.
Bayes' Theorem can be used in finance to assess the risk associated with loaning money to potential borrowers. The Bayesian statistical area is built on the Bayes' Theorem, commonly known as Bayes' Law or Bayes' Rule.
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