Gaynor

What Is Prior Probability?

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Prior probability is the probability of an event occurring before any evidence is taken into account. This is also called the prior distribution. The prior probability can be thought of as the base rate of an event. What is prior probability lack of evidence? Prior probability is the probability of an event occurring before any … Read more

What Is an Investment Property?

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An investment property is a real estate property purchased with the intention of earning a return on the investment, either through rental income, the future resale of the property, or both. Investment properties are usually held for long-term investment purposes and are not intended to be occupied by the owner. They are often purchased by … Read more