Examlex
In a certain species of fly, eye color is designated by the W+ and w alleles, with the W+ allele being dominant. Typical eye color is red for these flies, while a rarer white color variant exists. In this species, W+ is the ________ and w is a ________.
Net Revenue
The total income generated from business activities after subtracting the costs of goods sold and operational expenses.
Expected Value
A calculated average outcome of a random variable, taking into account all possible values and their probabilities.
Sample Information
Data or observations collected from a subset of a larger population, used to estimate or infer characteristics about the whole population.
EMV
Expected Monetary Value; a financial concept that calculates the average outcome when the future includes scenarios that may or may not happen.
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