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Probability
A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.
Expected Total Utility
The sum of satisfaction or benefit that an individual expects to receive from consuming goods or services.
Probability
A measure of the likelihood of a particular event occurring, often expressed as a fraction or percentage.
Expected Income
The amount of money one anticipates receiving over a certain period, taking into account various income sources and factors.
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