Examlex
Match the term with the definition.
-Program launched by President Kennedy in 1961 through which young American volunteers helped with education, health, and other projects in developing countries around the world. More than 60,000 volunteers had served by the mid-1970s.
Expected Value
The predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
Expected Value
An average value determined by weighing all potential outcomes of a random variable according to their likelihood of happening.
Payoffs
The returns or benefits received from a particular course of action or decision, often evaluated in decision-making processes.
Invest
Allocating resources, usually money, with the expectation of generating an income or profit.
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