Examlex
Name the product for the following reaction.
Expected Value
A calculation reflecting the average expected outcome of a probabilistic event, considering all possible outcomes weighted by their chances of occurrence.
Probability
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.
Invest
To allocate resources, usually money, with the expectation of generating an income or profit.
Scrap Value
The estimated resale value of an asset at the end of its useful life, often considered in depreciation calculations.
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