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The first organisms to be bioengineered were
Insurance Policy
A contract between an individual or entity and an insurance company, outlining coverage terms and conditions for specific risks.
Expected Value
The calculated average of all possible outcomes of a random variable, weighted by their probabilities.
Uncertain Income
Income that is not guaranteed and can fluctuate due to various factors such as business cycles, seasonal work, or freelancing.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1 where 1 indicates certainty.
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