Examlex
Merge fields are enclosed in _____ to show that they will not be printed in the final document.
Expected Value
The average outcome of a random event when considering all possible outcomes and their probabilities.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Von Neumann-Morgenstern Utility Function
A utility function theory based on expected utility, fundamental in making rational decisions under uncertainty, emphasizing outcomes' probabilities.
Probability
The measure of the likelihood that an event will occur.
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