Examlex
What role did the Black Convention Movement play in the abolitionist movement?
Expected Value
The anticipated value of a variable, computed as an average of all possible values weighted by their probabilities.
Expected Monetary Value
A calculation used in decision-making to determine the average outcome when the future includes scenarios that may or may not happen.
Analytic Decision Making
The process of making choices by systematically analyzing information, evaluating alternatives, and basing decisions on rational evidence.
Maximin Criterion
A decision rule used in statistics, economics, and game theory that selects the action maximizing the minimum payoff possible from available choices.
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