Examlex
Minutes are an official record of events and decisions that occur during a meeting.
Probability
The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.
Utility Function
A mathematical representation of how consumer preferences over a set of goods and services translate into choices given their budget constraint.
Probability
Probability measures the likelihood of a particular outcome or event occurring, expressed as a number between 0 and 1.
Utility Function
A mathematical representation that ranks preferences or satisfaction derived from consuming goods and services.
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