A Lawyer Believes That the Probability Is

question 117

Multiple Choice

A lawyer believes that the probability is .3 that she can win a discrimination suit.If she wins the case,she will make $40,000;but if she loses,she gets nothing.Assume that she has to spend $5000 preparing the case.What is her expected gain?

• A)$35,000
• B)$7,000
• C)$10,500
• D)$9,000

Understand the audience and purpose of written content.

Differentiate between methods of prewriting.

Appreciate the significance of participating in elections and the democratic process.

Understand the concepts of mean and standard deviation in the context of probability and statistics.

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Definitions:

Relevance

The degree to which something is related or useful to the matter at hand, often used to assess information, strategies, or actions.

Douglas Holt

An academic and author known for his work on branding and cultural strategy in marketing.