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The underlying probability of these black swans has been "mispriced" as if they were undervalued stocks or other containers of latent value.
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If the underlying probability of a male birth was assumed to be 0.5169 rather than 0.5, the data were quite in accord with probability theory.
The safety verification of glass structures is usually made on the basis of a deterministic approach, without assessing the underlying probability of collapse.
Scoring rules, like many other mechanisms set in a probabilistic environment, assume that all participating agents share some common belief about the underlying probability of events.
Where α is the parameter vector of explanatory variables, PRWTP* is the latent variable of underlying probability of reporting WTP related to the reported binary dependent variable PRWTP by the following rule: PRWTP = 1 if PRWT P * ≥ 0 0 if PRWT P * < 0. Outcome equation for LWTP: LWTP = β x + e if PRWTP = 1 unobserved if PRWTP = 0 (2).
The odds ratio, however, gives no indication of the underlying probability of an individual participating in the trial.
The positive and negative LRs do not change as the underlying probability of disease changes, because the probability of disease is captured mostly in the prevalence term.
Because the underlying probability of employment varies by age, sex, education level, and other factors, the economic implications of MSK limitations will vary by patient.
Each practice as allowed to have a different underlying probability of referral via the random effect γ i, thus making adjustments for the cluster randomized nature of the design.
In a one way sensitivity analysis, this value was assumed to range between 0.04 and 0.11, with the lower figure representing the underlying probability of dying in sub-Saharan Africa, and the upper figure calculated using the above mentioned formula and Davies' upper estimate [ 8].
Such difficulties may arise from the intricate formulation of system failure events, statistical dependence between component failure events, and the convoluted quantification of underlying probabilities of basic events.
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CEO of Professional Science Editing for Scientists @ prosciediting.com