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Simply stated, evolution
Expected Value
The anticipated value or return of a variable, taking into account all possible outcomes and their probabilities.
Income
Money received, especially on a regular basis, for work or through investments.
Insurance
A financial product sold by companies to individuals or entities to protect against financial loss or damage from specified risks.
Probability
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 1 indicates certainty.
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