Examlex
What advantages does a low-voltage remote-control system offer, and why isn't it more popular?
Expected Monetary Value
Expected monetary value is a calculated average of possible outcomes in a decision, where each outcome is weighted according to its probability of occurrence.
Additional Information
Supplementary data or details provided to enhance understanding or context.
Car Audio Store
A specialized retailer that sells and sometimes installs sound systems, speakers, and other audio equipment for vehicles.
Expected Payoff
In decision theory and economics, it is the average of all possible outcomes, each weighted by its probability of occurrence.
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