Mathematics, 29.02.2020 04:59 johnlecona210
Lizabeth, the manager of the medical test firm Theranos, worries aboutthe firm being sued for botched results from blood tests. If it isn’t sued, thefirm expects to earn profit of $120, but if it is successfully sued, its profit will beonly $10. Elizabeth believes that the probability of a successful lawsuit is 20%.If fair insurance is available and Elizabeth is risk averse, how much insurancewill she buy? (Hint: Assume that Elizabeth starts with a wealth ofwand shebuys insurance coveringx≤(120−10) = 110 of her loss. Write down herexpected utility as a function ofxand then take a derivative with respect toxto find the optimal insurance. If you want more hints, have a look at the secondinsurance problem solved in the lecture notes.)
Answers: 3
Mathematics, 21.06.2019 13:30
Combined megan and kelly worked 60 hours.kelly worked twice as many hours as megan.how many hours did they each worked?
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Simplify (a/b - b/a) times (a - a^2/a+b) a - a^2/a=b is a mixed number
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Mathematics, 21.06.2019 19:00
The liabilities of cullumber are $99,000. owner’s capital is $143,000; drawings are $96,000; revenues, $467,000; and expenses, $301,000. what is the amount of cullumber company’s total assists?
Answers: 1
Lizabeth, the manager of the medical test firm Theranos, worries aboutthe firm being sued for botche...
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