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Motivation refers to a set of processes that:
Premium
An amount paid for an insurance policy or an amount over the regular price for enhanced or additional features or services.
Insurance Policy
A contract between an individual or entity and an insurance company, outlining coverage terms and conditions for specific risks.
Expected Value
The calculated average of all possible outcomes of a random variable, weighted by their probabilities.
Uncertain Income
Income that is not guaranteed and can fluctuate due to various factors such as business cycles, seasonal work, or freelancing.
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