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