1-12. If the ball lands in any of the values 1-12 the bet is won and the return is $3.00. If the ball lands on any of the other values the bet is lost. a.) Compute the expected value of this game. (4 points) X 2 -1 P(x) 12/38 26/38 X*P(x) .631 -.684 -.053 The expected value is -.053. b.) Interpret this expected value. (4 points) This means that the casino wins 5.3 cents per game or the players lose 5.3 cents per game. c.) What is the average return to the casino from
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globalisation and the growing multidirectional flows of people‚ objects‚ places and information. Firstly I will focus on globalisation and how migration‚ culture‚ economics and politics fit into the picture. Secondly I will focus on how globalisation has affected Ireland. To gain a better understanding of globalisation I must first define it. “Globalisation is a transplanetary process or set of processes involving increasing liquidity and the growing multidirectional flows of people‚ objects‚ places and information
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Jennifer Tasneem Anthropology Reflection Paper 29th March 2015 Critical Analysis on FLOW: For Love of Water The documentary FLOW: For Love of Water features the industry around the world’s most essential and precious resource that is‚ water. The documentary looks at how the decisions of people searching for corporate profit affect the everyday lives of hundreds of thousands of people around the world‚ from the United States‚ to Africa and to India. Like most natural resources‚ a lot of people have
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Week 1-Discussion 1-Circular Flow Diagram To first explain how the circular flow diagram relates to the current economic situation‚ one must realize that the two‚ three‚ and four sector models no longer apply to the United States any more. Only the five sector model currently applies. The five sector model of the circular flow of income is a more realistic representation of the economy and has a more definitive look as to what and how economics really is in the world. In the more simplistic two
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2013). The location of this economic actor in the circular flow diagram is the firm sector (a). General Mills produces goods and services to be sold to consumers (households) such as cereal‚ yogurt‚ meals‚ and snacks. A household (b) generates a payment to General Mills for their products (c) and General Mills receives a return flow of money from the household (d). These two initial transactions start the “circle” of the circular flow diagram. Once General Mills process the payment‚ they then
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I hope this is what you are looking for... good luck with it. A.) --WATER FLOW IN PLANT: Can water travel through plant stems? MATERIALS: graduated one liter bottle‚1 white carnation with long stem‚ 2 glasses‚ red and blue food coloring PROCEDURE: 1. Pour 500 ml of water into each glass. 2. Add three or four drops of food coloring to each glass. Be sure the color is dark. Add more food coloring if necessary. 3. Very carefully cut the stem in half along the length of the stem from the bottom
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misunderstood – communication breaks down and the sender of the message can easily become frustrated or irritated. Listening is so important that many top employers give regular listening skills training for their employees. This is not surprising when you consider that good listening skills can lead to: better customer satisfaction‚ greater productivity with fewer mistakes‚ increased sharing of information that in turn can lead to more creative and innovative work. See our pages: Employability Skills and
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IE 271 Operations Analysis and Design Homework 1 Due date March 3rd‚ 2013 The following is a project proposal from an automotive manufacturer located in Ankara. This manufacturer conducts its after-sales service processes through 32 authorized service stations spread all over Turkey. There is also a customer service department at the headquarters employing 4 technical auditors responsible for the 32 service stations. These 4 technical auditors visit the 32 service stations periodically
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Flow Measuring (Short Report) Student Name: XXX Group Members: XXX School of Engineering Taylor’s University Date of Experiment: | Report due date: | Report submission date: | Checked by: | Item/marks | | Format/10 | | Abstract and Introduction/10 | | Figures and Diagrams/15 | | Materials and Method/10 | | Results Discussions/45 | | References/10 | | Total | | Malaysia 14 May 2013 Table of Contents ABSTRACT
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inventory and possibly maintaining supplies to quickly produce the goods during peaks of demand. Higher and more normal volume shipping routines may also benefit the end of delivery process. Shipper can help solidify a competitive role in the expected market by establishing a competitive advantage derived from maintaining these objectives when moving towards a multiple customer and high production volume strategy. 2 Many‚ if not all elements of operations will need adjustment to account for
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