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Variance
A measure of how spread out a set of numbers is, indicating the variability from the mean.
Index Fund
An investment fund designed to replicate and match the performance of a specific market index.
Expected Monetary Value
The predicted amount of money that an action or decision is expected to generate, considering all possible outcomes and their probabilities.
Index Funds
Mutual funds or exchange-traded funds designed to replicate the performance of a specific index, such as the S&P 500.
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