Is the Idea That Instead of Being Sent to Prison

question 44

Short Answer

is the idea that instead of being sent to prison, a person is allowed to live in the community under supervision and must demonstrate a willingness to abide by its laws.

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Definitions:

Risk Diversified

The strategy of spreading investments across various assets to reduce exposure to risk in any single area.

Expected Income

The amount of income an individual anticipates or forecasts to receive over a certain period.

Probability

A numeric evaluation representing the probability of an event taking place, where 0 signifies no chance and 1 signifies certainty.

Expected Income

The weighted average of all possible income outcomes, where the weights are the probabilities of each outcome occurring.