The mathematical formulations of quantum mechanics are abstract. A mathematical function, the wave function, provides information about the probability amplitude of position, momentum, and other physical properties of a particle.
Knowing that the adjective palatial is derived from the same Latin word as palace gives you a good sense of its meaning: magnificent, reminiscent of a home fit for a king. play look up
Definition: Volatility is the pace at which prices move higher or lower, and how wildly they swing. These can be prices of just about anything. Volatility has been most exhaustively studied, measured and described in the stock market. Three factors that produce wild swings in demand and supply cause price volatility.