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 1‚000‚000 such bets? (4 points)
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Precarious Physician/Patient Relationship: Return to Compassion Tory Skaathun Northeastern Illinois University Abstract Changes in healthcare over the past half century have altered the dynamics of the psychology of the patient/ physician relationship‚ resulting both increased patient suffering and moral distress among caregivers. It is the premise of this paper that this discord is now dissipating as both patients and caregivers are seeking a return to more compassionate medicine. A construct
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Some time has passed and it was almost time for Proserpina to return to the underworld with Pluto. Ceres was trying to make the best of the little time she had with her daughter‚ but she recently fell ill due to weather conditions. Every morning they would sit down at the table and take about what they had planned for today and then they would go out into the garden and plant/pick out what they needed. But this morning the storm had not blown over‚ so they couldn’t do anything. Proserpina came inside
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Divisional hurdle rates Financial management and policy Case 1‚ week 2 University of Maastricht Faculty of Economics and Business Administration Maastricht‚ 5th of November 2003 Danner‚ W. I 136964 Kuijt‚ R.J. I 130885 Steenvoorden‚ W.J.M. I 178829 Course Code: 6010v Group number: 7 Subgroup number: 1 Tutor: B. Pavlov Introduction Randolph Corporation is a multidivisional company. Due to frictions among the divisions‚ Randolph’s stock has not performed according to expectations
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Case: The Pharmaceutical Industry Historically‚ the pharmaceutical industry has been a profitable one. Between 2002 and 2006 the average rate of return on invested capital (ROIC) for firms in the industry was 16.45 percent. Put differently‚ for every dollar of capital invested in the industry‚ the average pharmaceutical firm generated 16.45 cents of profit. This compares with an average return on invested capital of 12.76 percent for firms in the computer hardware industry‚ 8.54 percent for grocers
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CHAPTER- I Introduction INDIAN ELECTRICAL INDUSTRY PROSPECTS OF THE INDIAN ELECTRICAL INDUSTRY Like every other industrial sector in India‚ the Indian Electrical/Electronics Industry too is slowly emerging from out of its "protective cover". For far too long has Indian Industry remained shackled and consequently inward looking. Over the past fifty years there was no exposure to global players and competition‚ with the result that the Industry grew up in a sheltered environment‚ dependent
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For our midterm examination we were asked to write an essay that would cover some key aspects of our knowledge that we have gained throughout the course of the semester. The main discussion topic in this essay will be why geography matters and the return of history. This essay will go in the order of the following subtopics: Defining geography and an illustration of my understanding of the spatial perspective. Next will be the notion introduced by Kagan that history is returning. Lastly‚ I will show
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who we are in the future. Both Kamau in The Return and the narrator in A Marker on the Side of the Boat portray how they dealt with changes around them as a result of a war that occurred in their beloved home places. Their passive decision to accept reality lead to a positive outcome that has not made their lives miserable‚ but instead those depraved memories remain as an experience to move on and find more meaning with life. In the short story‚ The Return‚ Kamau contemplates and distinguishes the
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that they use‚ but they are a little long. I use my phone about 3 hours a day which equals 21 hours in a week. I think that is a lot less than other people use. I need to get off of my phone just like Thoreau. When Thoreau uses the quote‚ “ the rails under the railroad are dead bodies”‚ I agree with that. These stories are talking about how much more the world could be if we didn’t have laptops and or cell phones. Also‚according to Heitmans story‚ he agrees with Thoreau and describes the same thing
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During 1994‚ the average variable cost is equal to marginal cost for a typical producer in the industry. Assume all producers are in the situation of constant returns‚ so that the cost function must be linear. From the case‚ average variable cost is equal to total electricity cost plus total Alumina cost plus other raw materials plus consumables plus freight which in total sums up to $925. With constant returns‚ the average variable cost is equal to marginal cost which is $925. If the smelter is rational
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