Examlex
Taking the total number of stars in the Milky Way and dividing by the age of the Milky Wayis a way to estimate:
Payoffs
The outcomes or benefits received from a particular action or decision, often used in the context of game theory.
Standard Deviation
A measure of the dispersion or variation in a set of values, indicating how much they deviate on average from the mean.
Variance
A statistical measurement of the dispersion of a set of data points around their mean, indicating how spread out the data are.
Expected Value
A calculated average of all possible outcomes of a random variable, weighted by their probabilities.
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