Examlex
What is the range of these scores: 2, 4, 9, 4, 7, 6, 11, 3, 5, 9?
Willingness To Pay
The maximum amount an individual or organization is prepared to spend to acquire a good, service, or avoid something undesirable.
Expected Revenue
The anticipated total income from sales of goods or services, based on expected sales volumes and price points.
Probability
A measure of the likelihood or chance of an event happening, ranging from 0 to 1, where 0 indicates impossibility and 1 indicates certainty.
English Auction
A type of auction where bidders publicly announce their successive higher bids until no higher bid is forthcoming, with the highest bidder winning the item.
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