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Your best friend tells you that sending your daughter to college when she does not know exactly what she wants to do is a waste of money.Drawing upon research,how would you justify spending the time and money to obtain a college education?
Disability Insurance
A type of insurance that provides financial benefits to individuals who are unable to work because of a disabling illness or injury.
Expected Value
In statistics and probability theory, the average result of a random variable, computed as the weighted average of all possible values.
Expected Utility
A theory in economics that assesses options under uncertainty, predicting choices that maximize utility based on expected outcomes.
Marginal Utility
The added satisfaction that a consumer gains from consuming one more unit of a good or service.
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