Scenario 5.4: Suppose an Individual Is Considering an Investment in Which There

question 86

Multiple Choice

Scenario 5.4:
Suppose an individual is considering an investment in which there are exactly three possible outcomes, whose probabilities and payoffs are given below:
The expected value of the investment is $25. Although all the information is correct, information is missing.
-Refer to Scenario 5.4. What is the standard deviation of the investment?

• A) 0
• B) 16.58
• C) 56.12
• D) 90.14
• E) none of the above

Analyze the conditions under which employers are directly liable for the actions or non-actions of their employees and nonemployee agents.

Recognize the importance of the scope of employment in determining liability and how intentional acts influence this scope.

Explain the process and rationale behind determining direct versus vicarious liability.

Distinguish between liabilities arising out of negligent hiring versus actions within the scope of employment.

---

Definitions:

Protected Class

Groups of people who are legally protected from discrimination based on specific characteristics, such as race, gender, or age.

Equal Pay Act

It is a labor law that prohibits gender-based wage discrimination, mandating equal pay for equal work among male and female employees.

Legitimately Pay

To compensate or settle a financial obligation in a manner that is lawful and in accordance with agreed terms and conditions.

Different Wages

The variation in pay for jobs due to factors like job function, experience, education, and location.