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What Is the Principle of Uniformitarianism? How Does This Principle

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Essay

What is the principle of uniformitarianism? How does this principle apply to our understanding of the Earth system? How is this useful in the context of relative dating?


Definitions:

Expected Return

The average of the probability distribution of possible returns for an investment, symbolizing its anticipated profitability.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Mean-Variance Criterion

An investment principle where portfolios are selected based on their expected returns (mean) and the variability of those returns (variance), aiming to optimize the trade-off between risk and return.

Expected Return

The average return on an investment anticipated over a specified period based on historical or estimated future performance.

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