Examlex
The age of an ancient tree trunk is estimated using radiocarbon dating.If the trunk has a C-14 decay rate that is 34% of what it is in living plants,how old is the trunk? The half-life of C-14 is 5730 years.
Expected Value
A calculated average of all possible values for a random variable, weighted by their probabilities, used in statistics and economics to determine the most likely outcome.
Mature Products
Products in the final stage of their product life cycle, characterized by a slowdown in sales growth and market saturation.
Stable Demand
A market condition where the desire for a product or service remains constant over a period of time.
Forecast
A prediction or estimate of future events or conditions based on available data or trends.
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