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____ Refers to How Heavy a Product Is in Relation

question 65

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____ refers to how heavy a product is in relation to its size.


Definitions:

Deviation

Difference between expected payoff and actual payoff.

Expected Value

The weighted average of all possible values of a random variable, with the weights being the probabilities of each outcome.

Absolute Value

The distance of a number from zero on the number line, disregarding its sign.

Payoff

The outcome or return from an investment or decision, often expressed in terms of profit or loss.

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