Examlex
Use these instead of numbers in formulas in templates whenever possible.
High-Value
Refers to items or services that are of significant worth, often due to their quality, scarcity, or demand.
Low-Value
Describes items or services perceived as offering limited benefit or worth compared to their cost or other alternatives.
Expected Value
A calculated average of all possible values for a random variable, weighted by their respective probabilities.
Low-Value Bidders
Participants in an auction or tender process who submit bids that are significantly lower than those of other bidders.
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