Examlex
Which relates to weather rather than climate?
Probability
A measure of the likelihood of a particular event or outcome occurring, expressed as a number between 0 and 1.
Expected Utility Maximizer
An individual who makes choices under uncertainty to maximize their expected level of satisfaction, based on the probabilities of different outcomes.
Von Neuman-Morgenstern
A theory in economics that provides an axiomatic basis for expected utility theory, which helps to explain choice under uncertainty.
Probability
An indication of how probable an event is to happen, represented numerically between 0 and 1, with 0 meaning it cannot happen and 1 meaning it is certain to happen.
Q11: A lee-side low forms on the downwind
Q16: The Enhanced Fujita Scale for classifying tornado
Q17: Which of the following is the most
Q20: Refer to Figure 9-3.If there was no
Q30: A city which is located near a
Q34: Rain which falls from a cloud,but evaporates
Q116: Imposing tariffs in cases of dumping<br>A) is
Q186: Free trade refers to trade between countries
Q214: All of the following are examples of
Q253: The only type of business that faces