Examlex
The zone of proximal development is gap between what the child can accomplish independently and what the child can accomplish ______.
Opportunity Loss
The potential benefits an investor or business misses out on when choosing one alternative over another.
Prior Probabilities
The probabilities of different outcomes or hypotheses as estimated before any new evidence or data is taken into account.
Payoff Table
A decision-making tool that summarizes the various outcomes and their respective rewards or costs for different strategies or decisions.
Expected Monetary Value
The predicted value of a financial transaction, taking into account all possible outcomes weighted by their probabilities.
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