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Probability
A branch of mathematics that deals with calculating the likelihood of a given event's occurrence.
Sure Thing
A situation or outcome that is guaranteed to occur or a bet that is certain to win, often used in the context of investments or decisions with a predictable outcome.
Weighted Average
Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to some of the numbers more than others.
Expected Value
The predicted value of a variable, calculated as a sum of all possible values each multiplied by the probability of its occurrence.
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