Examlex
A bar graph is almost always better at presenting data than a pie chart.
Uncertain Income
Uncertain income refers to earnings that fluctuate and are not guaranteed, often associated with irregular work or investment returns.
Probability
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Marginal Utility
The added gratification or usefulness experienced from the consumption of an additional unit of a good or service.
Risk-Averse
A characteristic of preferring to avoid risk, often leading to choices that have lower potential returns to minimize possible losses.
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