Examlex
Many scholars object to the name "tribe" that is commonly assigned to African ethnicities.
Expected Value
The anticipated value for an investment or gamble, calculated as the sum of all possible outcomes weighted by their associated probabilities.
Random Variable
A variable whose possible values are outcomes of a random phenomenon, typically represented in statistical and probability analysis.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set.
Expected Utility
The expected value of an individual’s total utility given uncertainty about future outcomes.
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