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A medal is typically given to an individual at a ceremony or event, such as an awards ceremony, a competition, or a formal recognition event. This can take place at various locations, such as a theater, auditorium, sports arena, or any other suitable venue for the presentation of awards.
A force advantage occurs when one party has more power, resources, or influence compared to another party in a given situation. It can enable the more powerful party to exert control, influence outcomes, or prevail in a conflict or competition.
A test chart is a chart that shows the results of a given competition or event. There are various types of test charts namely the Snellen Chart and the USAF resolution test chart.
"The principle advantage is efficient allocation of resources. When many suppliers compete for the business of consumers, prices gravitate toward costs of production and scarce resources are used for those goods and services for which there is real demand. Competition thereby produces maximum economic value from given resources, and uses minimum resources to supply a given demand."
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The probability of event A occurring given event B has occurred is an example of conditional probability.
An advantage is something which assists one person over another in a given situation.
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A name commonly used for the amount of money given to a person to attend an event is a "stipend." This is often provided to cover expenses related to attending the event.
Your description of an event.