Examlex
Describe the ways that analytical reports and proposals differ.
Expected Utility
A theory in economics that calculates the utility expected from different choices to assess risk and make decisions.
Income
The financial gain that an individual or business receives, usually from employment, business activities, or investments.
Utility Function
A mathematical representation of how a particular good or set of goods generates satisfaction or utility for an individual or consumer.
Flood
An overflow of water that submerges land which is usually dry.
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