Examlex
Which of the following species is not present in the solution when hydrogen chloride gas is dissolved in water?
Probability
The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.
Utility Function
A mathematical representation of how consumer preferences over a set of goods and services translate into choices given their budget constraint.
Probability
Probability measures the likelihood of a particular outcome or event occurring, expressed as a number between 0 and 1.
Utility Function
A mathematical representation that ranks preferences or satisfaction derived from consuming goods and services.
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