Examlex
The boiling point of a liquid is dependent on the atmospheric pressure.
Expected Utility
A concept in economics that represents the sum of utilities associated with all possible outcomes, weighted by the probability of each outcome.
Utility
A measure of the satisfaction or happiness that consumers get from consuming goods or services.
Probability
A measure of the likelihood that an event will occur, quantified as a number between 0 and 1.
Expected Income
The income an individual or firm anticipates receiving over a certain period, often based on current or historical earnings.
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