Simulate Amanda's Portfolio Over the Next 30 Years and Determine

question 36

Essay

Simulate Amanda's portfolio over the next 30 years and determine how much she can expect to have in her account at the end of that period. At the beginning of each year, compute the beginning balance in Amanda's account. Note that this balance is either 0 (for year 1) or equal to the ending balance of the previous year. The contribution of $5,000 is then added to calculate the new balance. The market return for each year is given by a normal random variable with the parameters above (assume the market returns in each year are independent of the other years). The ending balance for each year is then equal to the beginning balance, augmented by the contribution, and multiplied by (1+Market return).

Understand the basic principles and purposes of arbitration and mediation in conflict resolution.

Recognize the differences between arbitration, mediation, and other forms of conflict resolution.

Identify the processes involved in arbitration and mediation.

Comprehend the roles and limitations of arbitrators and mediators.

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Definitions:

Federal Court

A Federal Court is a court established by the federal government of a country, having jurisdiction over matters specifically reserved for the national government by the constitution.

State Court

The judiciary body at the state level in the United States, handling legal disputes and interpreting state laws.

Not Guilty

A legal verdict indicating that there is not enough evidence to prove beyond a reasonable doubt that the individual committed the crime they were charged with.

Criminal Case

A legal proceeding against an individual or organization accused of violating laws that protect the public's moral or physical welfare, resulting in penalties like imprisonment or fines.