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How did the middle classes differentiate themselves and create a self-identity?
Conditional Probability
This is the probability of an event occurring given that another event has already occurred.
Expected Value
A statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen, often used in decision-making and risk assessment.
Outcome
The result or consequence of an action, process, or situation, typically measured against expected or intended objectives.
Expected Monetary Value
A statistical concept used to calculate the average outcome when the future includes scenarios that may or may not happen.
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