Examlex
Match the term with the definition.
-1803 purchase of French territory west of the Mississippi River that stretched from the Gulf of Mexico to Canada. The purchase nearly doubled the size of the United States and opened the way for future American expansion west.
Coin Toss
A random method of deciding between two alternatives by flipping a coin and observing which side lands facing up.
Expected Value
A calculated average of all possible values of a random variable, weighted by their probabilities.
Coin Toss
A random method used to determine a decision, consisting of throwing a coin into the air and checking which side is facing up when it lands.
Expected Value
A statistical concept that calculates the average outcome of a probability event or investment over the long term.
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