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The Fourth Crusade Was Diverted from Jerusalem and Ended Up

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The Fourth Crusade was diverted from Jerusalem and ended up sacking


Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Invest

To allocate resources, usually money, with the expectation of generating an income or profit.

Scrap Value

The estimated resale value of an asset at the end of its useful life, often considered in depreciation calculations.

Coin Toss

A random method of deciding between two alternatives by flipping a coin and observing which side lands facing up.

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