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) 1000000*.05=50000
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-$2‚000‚000 | 1 | 500‚000 | | 2 | 500‚000 | | 3 | 500‚000 | | 4 | 500‚000 | | 5 | 500‚000 | | 6 | 500‚000 | | 7 | 500‚000 | 5‚650‚000 | a. Compute the NPV and IRR for the above two projects‚ assuming a 13% required rate of return. b. Discuss the ranking conflict. c. What decision should be made regarding these two projects? Answer: a. NPV of A = $211‚305 NPV of B = $401‚592.64 IRR of A = 16.33% IRR of B = 15.99% b. The later cash flow of B causes
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Break-even point is that point at which there is neither profit nor loss. It is at point costs are equal to sales. It is otherwise called as balancing point‚ neutral point‚ equilibrium point‚ loss ending point‚ profit beginning point etc. After BEP is achieved‚ all the further sales will contribute to profit. At BEP‚ Sales – Variable cost = Fixed costs. OR Contribution = Fixed costs. Break-even analysis Break-even analysis is an analytical technique that is used to determine the probable
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Jealous Husband Returns in Form of Parrot was a very interesting read for me. Robert Olen Butler masterfully pieced together this tale of a jealous husband who‚ in his human life‚ refused to put a voice to his insecurities and feelings towards his wife and‚ ironically‚ in his parrot life‚ wished nothing more than to be able to communicate to her exactly what he was feeling. The jealous husband parrot is a dynamic character because he comes to realize his flaws in their relationship. He realized
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Contents 1.0 Introduction and Motivation 2 2.0 Methodology 5 2.1. Descriptive Statistics 5 2.2 Matrix of pairwise correlation. 6 3.0 Model Specification 6 3.1 Linear Regression Model. 6 3.2 The Regression Specification Error Test 8 3.3 Non-linear models 9 3.4 Autocorrelation. 10 3.5 Heteroskedasticity Test 10 4.0 Hypothesis Testing 11 5.0 Binary (Dummy) Variables 11 6.0 Conclusion 13 Reference List 13 1.0 Introduction and Motivation Crude oil is one of the world’s most important natural
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The opening scene of Act Two marks the dramatic turning point of the play. In this scene‚ Catherine confronts Rodolfo over Eddie’s allegation that Rodolfo only wants to marry Catherine to be an American. However it is soon revealed that Rodolfo truly loves her. The two characters sleep together for the first time‚ a fact that Eddie finds out when he returns home drunk‚ which results in a devastating confrontation between the central characters. The seriousness and the intense emotions displayed
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reengineering project? (Points : 1) Cost and risk Performance of existing processes for a baseline Strategic analysis and workflow Inputs and outputs | 2. Enabling organizations to make continual improvements to many business processes and to use processes as the fundamental building blocks of corporate information systems is the goal of (Points : 1) BPM. BPR. reengineering. workflow management. | 3. The _____ is directly responsible for the individual systems project. (Points : 1) project management
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Point of care (POC) documentation POC documentation refers to the ability of physicians and nurses to document the clinical information of a patient as they interact together or during delivery of care to the patients. This is done using electronic health records (EHR) which has been widely adopted by health care facilities‚ and thy use some devices for the point of care documentation. The purpose of this paper is to discuss electronic health record devices that are used to document point of care
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years_option=all_years&periods_option=specific_periods&periods=Annual+Data http://financeandinvestments.blogspot.com/2011/05/historical-annual-returns-for-s-500.html Jain‚ Rajiv‚ and Daniel Kranson. "The Myth of GDP and Stock Market Returns."2009. Web. 4 Mar. 2012. <http://www.virtus.com/vsitemanager/Upload/Docs/6141_GDPwhitepaper.pdf>. Rao‚ Rama. "Forecasting Future Returns." Financial Physics. N.p.‚ n.d. Web. 5 Mar 2012. <http://www.financialphysics.net/future.html>. Bekaert‚ Geert‚ and Campbell
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Jeni Obenza Medrano FTM 2012314510 The Return of Martin Guerre (1982)‚ by Daniel Vigne‚ starring Gérard Depardieu (Arnaud de Tihl)‚ Nathalie Baye (Bertrande de Rols)‚ and Roger Planchon (Jean de Coras) is a well-made film that stays loyal to history while entertaining the audience by portraying the social and cultural atmosphere surrounding the story. The Return of Martin Guerre is set in a small French village in the 1560‚ twelve years before the St. Bartholomew Massacre in 1572. Considering
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