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Explain what Spinoza means when he says, "there is in the mind no absolute faculty of understanding, desiring, loving, etc. Whence it follows, that these and similar faculties are either entirely fictitious, or are merely abstract and general terms, such as we are accustomed to put together from particular things." Do you agree with Spinoza?
Invest
To allocate resources, usually money, with the expectation of generating an income or profit.
Scrap Value
The estimated resale value of an asset at the end of its useful life, often considered in depreciation calculations.
Coin Toss
A random method of deciding between two alternatives by flipping a coin and observing which side lands facing up.
Expected Value
A calculated average of all possible values of a random variable, weighted by their probabilities.
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