Expected value

probability of its possible values from impossible to certain. An example is like asking your father for some money. But as an alternative, instead of giving you money, he decides to have fun with it. He decides to flip a coin. It depend on what the coin lands on if you will receive money or not. If the coin lands on “heads” yo win and he will give you 20 dollars. If you are unlucky and the coin lands on tails, you lose, and will receive nothing.‘In this example, we would say that the payout associated with the event that the coin lands “heads” is $20, and the payout associated with “tails” is $0. ‘) but before saying yes and accepting your father 's offer you go and ask your mother for some extra money. She decides to play a game with you too just like your father.she makes a different offer. She will roll a die, and give you $3 for every spot that turns up. Her offer is , if she rolls a 1, she will give you $3; if she rolls a 2, she will give you $6.00 (= 2 x $3.00), ... if she rolls a 6, she will give you $18 (= 6 x $3.00)). You decided to see witch one is a better offer to take.“ the most common way of evaluating these alternatives is to calculate the…

Reflection Essay 3 “Speaking up at work” • The company experienced steady growth over the years including during the meltdown of the global economy. However, we felt we had to anticipate a possible future financial impact and looked at ways to reduce cost significantly. One of the projects was to outsource the manufacturing operations located in Canada to Mexico. The project had expected savings of millions of dollars and would help fund R&D to develop new technologies. I was in total support…

week if it remains unsold (If she comes back next week and finds the dress has been sold, Laila will buy it online). Buy now = $50 expected value Wait = (50% x $60) + (50% x $37.50) = $48.75 expected value, therefore she should wait a week. b) Just before analyzing her decision, she found another place online that sells the same dress for $55. Why might a lower price online affect her purchase decision in this store? This should definitely sway her to decision to wait a week. Should she…

Long-term relationships are especially important to the growth and development of human being’s maturity and understanding of the world. With those relationships, there are numerous preconceived societal norms from the constitutive culture in which one grows up. American culture creates expectations of how one’s partner is expected to act. In American culture, one is expected to grow up, go to college, get married and start a family, living out that life monogamously. Yet according to statistics…

The mother also tells the girl how she is expected to act in society by enforcing the way she must act “on Sundays [, and] try to walk like a lady and not like the slut you are so bent on becoming;” (Kincaid 1) Also in the story “Saving Sourdi” you can see the girls at a young age having responsibilities and leaning the roles of woman from their mother. This often or not lends to the mothers ending up molding their daughters to be just like them. Scholar Hammer (1976) suggests that a mother…

In Marge Piercy’s narrative poem, “Barbie Doll”, the story of a young girl is told from the viewpoint of an outside speaker watching her grow up around the norms of society and ultimately ends her life because of it. Throughout each stanza, a new important piece of information is expressed to the readers to contribute to both the theme and tone of the poem. Piercy is able to cultivate the idea that inward beauty is not valued in today’s society, and that artificial perfection can only be…

College as a whole is not at all what I expected it to be like, just because I was able to wake up early for highschool it doesn’t even equal up to waking up early for a college class. Being a freshman I didn’t know what to really expect from college except from what I seen on tv. I’m a biology major currently taking five classes, Biology 131, Biology 160, Core 101, Math 138, and University 100. I was originally in six classes, but to take some of the load off that I had I decided to withdraw…

expectations have changed over the years, Women were expected to take care of the children. Women were held with double standards. Doyin Richards uploaded a picture of himself taking care of his children, the internet has mixed feelings about the photo. Klein’s girlfriend is able to defend herself. In “Who’s Cheap?’by Adair Lara, men are expected to pay for things.”When a Women Says No” by Ellen Goodman, what a women does/wear does not matter, when she says no that is it. Modern Expectations…

The ten given tips mentioned in the video all seemed to be very effective ones to implement in the classroom if done correctly. Classroom management is crucial, and can definitely make a difference in-between a well ran room and a chaotic classroom. The first tip mentioned was beginning the year tough. I definitely believe teachers have to set the stage of what is expected and stand their ground to instill the procedures and expectations into the students, but this should also not be taken to…

you give me anything to cook? Must I earn money myself to buy it?’” (Tagore, 894). Radha expects that Dukhiram will financially support her and their family, and when Dukhiram got angry over her disobedience, he physically forced his power over her. This sort of physical power over another can also be shown in the painting as well, the man is standing and leaning over the woman, asserting his dominance (Manet). The woman seems static and still as she sits while he is an overbearing presence to…