Examlex
The following is a highly specialized system that uses telecommunications and geographic display to support police dispatch and response functions:
Fair Bet
A gambling term where the expected return is equal to the original stake, with no advantage for the house or the bettor.
Expected Value
The calculated average of all possible values for a random variable, weighted by their respective probabilities.
Risk-loving
A term describing an individual's preference or inclination towards taking risk, often in the pursuit of higher rewards.
Risk-neutral
An attitude towards risk where an individual does not prefer or avoid risk, being indifferent between a certain outcome and a gamble with the same expected value.
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