Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: You have select biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted to medical school is about ten percent. If you are accepted to medical school, then your starting salary when you graduate will be 300,000 dollar per year. However, if you are not accepted, then you would choose to work in a 200, where you will earn 40,000 dollar per year. Without considering the additional educational years or the time value of money, determine your expected starting salary as well as the standard deviation of that starting salary? Show all work to receive full credit.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M917652

Have any Question? 


Related Questions in Basic Finance

1 distinguish between the four types of relational

1. Distinguish between the four types of relational collaborative arrangements. Provide an example of each. 2. What do you believe will be the impact of the Internet on market distribution by 2010? 3. What is a shippers ...

An investor estimates that next years sales for gyna inc

An investor estimates that next year's sales for Gyna Inc should amount to about 56 USD million. The company has 3.7 million shares outstanding, generates a net profit margin of about 8% , and has a payout ratio of 45%.a ...

Classify all of your spending into categories such as car

Classify all of your spending into categories such as car, rent, school expenses, clothing, and entertainment. Determine the proportion of your cash outflows that are allocated toward each of these categories. Describe t ...

If you were using a full length centerline gage rod to

If you were using a full length, centerline, gage rod to measure DL, how much change would you expect to see at 2508F? 8. What DL from ‘‘before tightening'' would you expect to see at 2508F if you were using ultrasonics ...

Using financial data from an appropriate source eg yahoo

Using financial data from an appropriate source (e.g. Yahoo Finance, Google Finance, annual reports, etc.), calculate the operating and cash conversion cycles for Darden Restaurants (ticker DRI). Explain what your answer ...

1 when an author submits a manuscript to a journal what is

1. When an author submits a manuscript to a journal, what is the general process by which the decision whether or not to publish the paper is made? 2. Distinguish between a paper session and a poster session.

1 discuss the form of calculating risk for an investment

1. Discuss the form of calculating risk for an investment. Include the reference, from where you obtained the information. 2. Why companies pay dividends?

1 in freight transportation a typical logistics problem is

1. In freight transportation, a typical logistics problem is the allocation of empty containers to depots, in order to satisfy future demands of transportation services. How can a carrier predict demands of containers fo ...

A tenant has a gross lease with an lsquolsquoexpense stopof

A tenant has a gross lease with an ‘‘expense stop''of $2.75/SF. If the building has 200,000 square feet of leasable space, reimbursable operating expenses of $700,000, and the tenant rents 25,000 SF, then how much does t ...

1 what has happened to the average cash dividend payout

1. What has happened to the average cash dividend payout ratio of U.S. corporations over time? What explains this trend? How would your answer change if share repurchases were included in calculating U.S. dividend payout ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen