Examlex
Reduce all fractions to their simplest forms. Convert all improper fractions to mixed numbers. Provide answers in the following format:
Fraction: 3/4
Mixed number: 1 5/8
-5/6 - 1/3 = ?
Expected Return
The anticipated profit or loss from an investment, taking into account the possibility of various outcomes.
Standard Deviation
A parameter that assesses the extent of difference or range within a batch of numerical values.
Risk-Averse Investor
An investor who prefers lower returns with known risks rather than higher returns with unknown risks.
Slope of the Budget Line
The rate at which one good can be traded for another, reflecting the relative prices of two goods.
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