Examlex
A _____ can be used to create and test prototypes, develop interfaces, and simulate factory layouts and assembly lines, without investing in physical equipment and layouts.
Expected Value
The predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
Expected Value
An average value determined by weighing all potential outcomes of a random variable according to their likelihood of happening.
Payoffs
The returns or benefits received from a particular course of action or decision, often evaluated in decision-making processes.
Invest
Allocating resources, usually money, with the expectation of generating an income or profit.
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