To Calculate Expected Profit Under Certainty,we Need to Have Perfect

question 104

True/False

To calculate expected profit under certainty,we need to have perfect information about which event will occur.

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Definitions:

Spontaneously Generated

The idea, now discredited, that living organisms can arise from non-living matter without the involvement of any preexisting life.

Jean-Baptiste Lamarck

A French naturalist known for his theory that evolution occurs through the inheritance of acquired characteristics, a concept largely disproven by modern genetics.

Adaptation

A process by which organisms adjust to their environment to enhance survival and reproductive success.

Organisms Change

Organisms change refers to the process of evolution, where species undergo modifications in traits over generations due to genetic variation and natural selection.