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The Confederate navy's commerce-raiders such as the Alabama
Expected Value
A calculation in probability theory that summarizes the average outcome when the future involves scenarios that may or may not happen.
Fair Coin
A term describing a coin that has an equal probability of landing on heads or tails when flipped.
Expected Value Theory
A concept in probability and statistics that calculates the anticipated value of an investment or decision, factoring in all possible outcomes and their probabilities.
Roulette-type Games
Games of chance that are characterized by a spinning wheel and a ball that determines the winning number or color.
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