Examlex
The value of a typical EDI system is that vendor and customer are linked electronically.
Subjective Probabilities
Probabilities based on personal judgment and beliefs rather than objective data or mathematical calculations.
Blackjack
A casino card game where players attempt to reach a hand value as close to 21 as possible without exceeding it.
Standard Deviation
A statistical measure that quantifies the variation or dispersion of a set of data values.
Risk-averse
Refers to the preference of an individual or entity to avoid risk rather than facing it, often choosing options with more predictable and less risky outcomes.
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