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Longitude can be defined as the angular measurement, in degrees, east or west of the ______________ meridian.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident, covering liabilities such as injury and property damage.
Expected Utility
The anticipated satisfaction or benefit received from an outcome, weighted by the probability of different outcomes occurring.
Risk-averse
The preference to avoid risks, favoring safer outcomes over potentially higher but uncertain returns.
Probability
The likelihood or chance of an event occurring.
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