A Priori Probability

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A Priori Probability

In statistics, the use of logic to estimate the probability of an event. For example, when considering a company's earnings, the company can make a profit, suffer a loss, or break even in a given year. All other things being equal, there is a 1/3 a priori probability of each scenario occurring.
References in periodicals archive ?
For this reason, power of appointment trusts are often avoided in second-marriage situations, if there are children from a prior marriage, or if the client is unwilling to give the spouse control over a substantial part of the estate.
121 on a prior sale or exchange of property in the last two years.
1032-3 was issued May 12, 2000 on a prospective basis, the IRS will not challenge a taxpayer's position taken in a prior period that is consistent with the final regulations; see the preamble to TD 8883.
99-5 also provides that the holding period of A's interest will include the holding period of the assets to A prior to the conversion; B's holding period will begin on the date following the date of purchase of the assets.
101{a}(2)(A} and (B} will remove the "transfer-for-value" taint from a prior transfer.