Examlex
American Airlines uses flight simulators to train pilots about airplane equipment and safety measures. This is an example of ________.
Income
The money received, especially on a regular basis, for work or through investments.
Fair Insurance Policy
An insurance contract that is considered equitable, offering reasonable terms, coverage, and protection for all parties involved.
Premium
The amount paid for an insurance policy or the difference above the nominal or face value of a security.
Expected Value
The predicted value of a variable, calculated as a sum of all possible values each multiplied by the probability of its occurrence.
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