For the Term, "Hippie," Invent a Persuasive Definition (Either Positive

question 155

Essay

For the term, "hippie," invent a persuasive definition (either positive or negative). Remember, persuasive definitions can be analytical definitions, definitions by example, or definitions by synonym.

---

Definitions:

EMV

Expected Monetary Value; a financial concept that calculates the average outcome when the future includes scenarios that may or may not happen.

Decision Tree

A graphical representation used to visualize the path of decisions and their possible consequences, including outcomes, resources, cost, and utility.

Revenue Management

Revenue Management is the strategic analysis and optimization of sales and inventory to maximize profitability, often used in airline, hotel, and other service industries.

Expected Value

The anticipated value of a random variable, computed as the weighted average of all possible values it can take on, based on their probabilities.