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Expected Value
A calculated average outcome of a random event, considering all possible outcomes and their probabilities.
Car Insurance
A type of insurance that provides financial protection against physical damage or bodily injury from traffic collisions and against liability that could also arise from incidents in a vehicle.
Probability
A measure of the likelihood of a particular event or outcome occurring, expressed as a number between 0 and 1.
Six-Sided Die
A six-sided die is a cube-shaped object used in gaming, with each side marked with one to six dots to represent values for random outcomes.
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