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Math Just Got Important
A woman in her 20s won the lottery and passed on $1 million for weekly payments of $1000 for life, causing much discussion on the internet. How can you mathematically evaluate such a choice? Pay attention, the same formula was used in the famous Bobby Bonilla sports contract. 0:00 intro 3:35 time value money 6:16 value $1000 weekly 10:11 ...
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SOLVED: Compare the different types of random sampling methods and include a reference for your research. Describe examples in which stratified sampling and cluster sampling should be used. In replies to peers, give an example of systematic random sampling and discuss the pros and cons of using each type of sampling method. Which methods are probability sampling techniques and what advantages do they have over nonprobability sampling methods.
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