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Directory Results for MATH 111 Business Mathematics Week 17 Glossary Terms Student Name Section Date Inventory average cost or weighted average method Inventory valuation method that assumes the cost of each unit of inventory is the average cost of all goods - - to MATH 111 Business Mathematics Week 18 Glossary Terms Student Name Section Date Insurance actuaries Statisticians employed by insurance companies who calculate the probability or chance of a certain insurable event occurring - papademas