Given the following Payoff Matrix: Payoff Table - #of Avg Yards Patriots choses (run) 50% of the time Broncos and choses (pass) 50% of the time Run Pass Run 1 3 Broncos choses (run) 40% of the time Patriots and choses (pass) 60% of the time Pass 5 1 Hhow many yards can Patriots expect to gain per 100 plays? Patriots
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- College instructors who adopt this book are (we hope!) twice as likely to continue to use the book the following year as they are to drop it, whereas nonusers are four times as likely to remain nonusers the following year as they are to adopt this book In the long term, what proportion of college instructors will be users of this book?Q10: Why is Asset Allocation very important in investing?A local softball league is raffling off $1000.00. You can buy one ticket for $5.00, three tickets for $13.00 five tickets for $20.00 or ten tickets for $30.00. Assume the league sells 500 tickets. Should you buy one, three, five, or ten tickets to maximize your expected winnings?
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