Examlex
Transformation is used in genetic engineering to ____.
Probability
A measure of the likelihood that an event will occur, quantified as a number between 0 and 1.
Utility
A concept in economics that measures the satisfaction, happiness, or benefit that results from the consumption of goods and services.
Expected Utility Function
A mathematical representation in economic theory that models preferences over risky choices or uncertain outcomes.
Utility Function
An economic model that describes how consumers rank different bundles of goods according to the levels of happiness or satisfaction they provide.
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