MS 405 Assignment #3 1- In an experiment subjects are given between the two gambles: Gamble 1: A: $2500 with probability 0.33 $2400 with probability 0.66 $0 with probability 0.01 Gamble 2: C: $2500 with probability 0.33 $0 with probability 0.67 B: $2400 with certainty D: $2400 with probability 0.34 $0 with probability 0.67 Suppose that a person is an expected utility maximizer. Set the utility scale so that u($0) = 0 and u($2500)=1. Denote u($2400) by x. a) Which one would you prefer
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effectiveness of organizations. Benefits of teamwork Teamwork plays an important role leading organization to succeed. Working together as a team offers five key benefits as follows. Complex Projects. First of all‚ teamwork can get the jobs done‚ especially ones that individual cannot finish alone. Bachel writes‚ “Working as part of a team definitely pays off. That is because when it comes to a team‚ the whole is greater than the sum of its parts. In fact‚ team can often do what individuals
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The costs and benefits of diagnosis of ADHD: commentary on Holden et al. John Davis Liberty University Summary This research into what appears to be a very controversial research leaves this author wondering if the estimate of $14‚576 in U.S. dollars for having a child diagnosed with ADHD is very accurate. Using an ADHD prevalence rate of 5 percent of the population this translates into a minimum annual Cost of Illness (COI) of $42.5 billion‚ with a more likely estimate being twice that
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$7.3 billion and U.S. agricultural imports from Mexico increasing by $6.7 billion during the last 13 years. Result: U.S. Economic Growth during the 14 years of NAFTA Has Been Strong • Jobs. U.S. employment rose from 112.2 million in December 1993 to 137.2 million in December 2006‚ an increase of 25 million jobs‚ or 22 percent. The average unemployment rate was 5.1 percent in the period 1994-2006‚ compared to 7.1 percent during the period 1981-1993. • Manufacturing. U.S. manufacturing output rose
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Today‚ the problem of homeless people is rather a pressing one‚ and‚ unfortunately‚ is widespread all over the world. The reasons can be quite different: it can be a high rent for the habitation‚ low salary‚ mental disability or the loss of all the members of the family. When people are in such a difficult situation‚ they need to live further somehow and they have no other way out than to live in a small carton and beg for some money. The governments of different countries started different social
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Pros: People may now be eligible for other welfare programs and that will then change their allotment for Cal-Fresh. Cons: People may not report their changes because they are intimidated due to the fact that they may be taken off the program completely. 6) It is required the county receives directly from the employer hours worked and earned income. Pros: No fraudulent claims. Cons: Laps response time from employer with in required deadline from the county. 7) Social workers need to be more
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college have pros and cons. The pros for the electoral college is that is has been used for years. The basis of the electoral college is written down in the constitution. As long as the United States uses the electoral college as the way to vote in a president there will be no need for a constitutional amendment. It could be years before congress could effectively write and pass an amendment that could
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NSA’s Edward Snowden‚ FBI’s Mark Felt‚ White House Staffer Linda Tripp‚ Kerr-McGee’s Karen Silkwood and Sherron Watkins of Enron are all on the same list of famous whistleblowers. All of these people have become famous because they provided information with the sole purpose of revealing wrongdoings by someone or a company. Some believe whistleblowers are traitors and should be punished: while others believe they are heroes and should be honored. Whistleblowers are being acknowledged as a great
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The Deadbeat Dad Policies in Arizona include that obviously both parents must pay child support. There are strict regulations that the court enforces for the child to receive the financial support. Arizona has a specific website in which there are photos of deadbeats who have a warrant out for their arrest due to the unpaid child support. Therefore‚ when parents start the program‚ photos must be taken in case that parent does not pay. Attorney Kevin Jensen explains‚ “Here in Maricopa County‚ Sheriff
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Although‚ there are some so-called experts who disprove this theory‚ and say that hybrid cars are the best way to go. A pro in the mind of Philip Dunn‚ a hybrid car advocate‚ is that “at higher speeds - above forty miles per hour - the gas motor kicks in and gives that peppy feel so many car owners look for when driving on the highway.” Another pro is that the hybrid car can “already get one-hundred mpg on fifty-five-mile trips using cobbled-together PHEVs‚” (Plug-in Hybrid Electric
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