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Bioluminescent microbes:
Dipstick
A tool used for measuring the quantity of a liquid in a reservoir, commonly used for checking oil levels in engines.
Sealed-Bid
A method of auction where all bidders submit their bids in secret, with the highest bid usually winning without others knowing the bid amounts.
Lemons
In economics, refers to a market problem where sellers have more information than buyers regarding the quality of goods, leading to adverse selection. Also, a citrus fruit.
Expected Value
A statistic that calculates the average outcome of a random event when the process is repeated many times, useful in decision-making and risk assessment.
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