Examlex
Binet's two major principles of test construction were
Fully Insure
To obtain insurance coverage that provides complete protection against all potential risks or losses.
Insurance
A financial product sold by insurance companies to safeguard against risk and unforeseen losses.
Economic Forecasts
Predictions about future economic activity, including trends in GDP, inflation, employment, and sales.
Expected Value
The weighted average of all possible outcomes in a probability distribution, where each outcome is weighted by its probability of occurrence.
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