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You have been assigned to a problem-solving team. You have never met any of the team members before, but you have been given their resumes. It is your job to match the team members to the various roles that are needed for successful completion of your project.
Your team consists of the following members. Iris is a recent college graduate with a degree in mathematics. She likes to keep an eye on the big picture and enjoys coordinating the work of others. Jibril has been with the company for 15 years and has had experience in several areas within the company. He has a reputation for strong leadership and effective follow-through. Bahira is highly motivated and intelligent. She has several advanced degrees and is able to view situations from differing viewpoints. You have decided that you are willing to take on any group role that is handed to you, but you are more comfortable with implementing ideas than with initiating them.
-Jibril is best suited to which role?
Expected Value
A statistical concept that calculates the average outcome of a random event when the process is repeated many times.
Wager Amount
The sum of money placed in a bet on the outcome of an event with an uncertain result.
Risk Premium
The extra return above the risk-free rate demanded by investors for holding riskier assets.
Expected Cost
The forecasted or anticipated cost of undertaking a project, investment, or any financial activity, considering all possible outcomes and their probabilities.
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