Which of the Following Is Not Cited in the Text

question 24

Multiple Choice

Which of the following is not cited in the text as a reason why private prisons can often be run more cheaply and efficiently than public prisons?

• A)Reduced labor costs
• B)Competitive bidding
• C)No need for an expensive rank hierarchy/chain of command
• D)Reduced bureaucracy

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Definitions:

Expected Value

The long-run average value of repetitions of the experiment it represents, computed as the weighted average of all possible values.

Poisson Random Variable

Represents the number of events occurring in a fixed interval of time or space, assuming that these events happen with a known constant mean rate and independently of the time since the last event.

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon, used in probability and statistics to model randomness.

Expected Value

The anticipated value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.