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Question: Jay Seago is suing the manufacturer of his car for $3.5 million because of a defect that he believes caused him to have an accident. The accident kept him out of work for a year. The company has offered him a settlement of $700,000, of which Jay would receive $600,000 after attorneys' fees. His attorney has advised him that he has a 50% chance of winning his case. If he loses, he will incur attorneys' fees and court costs of $75,000. If he wins, he is not guaranteed his full requested settlement. His attorney believes that there is a 50% chance he could receive the full settlement, in which case Jay would realize $2 million after his attorney takes her cut, and a 50% chance that the jury will award him a lesser amount of $1 million, of which Jay would get $500,000.
Using decision tree analysis, decide whether Jay should proceed with his lawsuit against the manufacturer.
Show that the average degree of a tree is less than 2. Explain how this result provides a proof that every tree has at least one leaf.
The sail area-displacement ratio S provides a measure of the sail power available to drive a boat. For a boat with a displacement of d pounds and a sail area of A Tartan 4100, which has a sail area of 810 square feet and a displacement of 23,245 p..
A 30 year old man pays $350 for a one year life insurance policy with coverage of $50,000. If the probability that he will live through the year is 0.9975, what is the expected value of the insurance policy?
a motel clerk count his $1 and $10 bills he find he has a total of 46 bills combine value of $154 find the number of bills denomation.
OSHA imposes obligations on the employer, but these obligations are not limitless. As federal administrations change, requirements change. Let's start by focusing on ergonomics. A major concern of OSHA throughout the 1990s was worker maladies such..
Find which two variables have the weakest strength of relationship?
Elena bicycles 5km/h faster than Dennis. In the same time it takes Dennis to bicycle 36km, Elena can bicycle 51km. How fast does each bicyclist travel?
Nola has 2.5% of her earnings deposited into her retirement plan. If $120 per month is deposited in the plan, find her monthly and yearly earnings.
write the revenue R as a function of number of units sold
How to compute the derivative of a summation?
explain how to find the derivative of a function if one is given the second derivative
There are large companies and small companies; corporations and sole proprietorships; LLCs and partnerships; in other words, all different size businesses and configurations. Do all of these different companies need to create a strategic plan? Sh..
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