Examlex
Define and give examples of how olfactics are used differently in different cultures.
Standard Deviation
A statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around the mean.
Utility Function
A mathematical representation of a consumer's preferences, used in economics to model choices made under uncertainty, to maximize satisfaction or utility.
Expected Utility
A concept in economics that calculates the utility expected from an investment, considering all possible outcomes.
Standard Deviation
A measure of the dispersion of a set of data from its mean, indicating how spread out the values in a data set are.
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