Examlex
This figure provides an illustrated example of a linear relationship. What does it mean?
Probability
The measure of the likelihood that an event will occur, ranging from 0 (impossible) to 1 (certain).
Expected Income
An estimate of the amount of money an individual or entity anticipates earning over a specified period, often used for budgeting or planning purposes.
Tuition
The fee charged for instruction or teaching, typically by a school, college, or university.
Certain Income
A guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a specific time period.
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