Examlex
Which of the following is true of a hysterectomy?
Utility Function
A utility function is an economic model representing a consumer's preference ranking for various bundles of goods or services, quantifying satisfaction levels.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Wealth
The accumulation of valuable resources and possessions, which can include money, properties, and investments.
Risk Averse
The characteristic of preferring to avoid risk, where an individual or entity would choose a certain outcome over a gamble with a potentially higher, but uncertain, payoff.
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