Q1. Tanisha owns one share of IBM stock, which is currently trading at $80. There is a 50% chance that the share price will raise to $100 and a 50% chance that it will fall to $70. What is the expected value of the future share price?
Q2. If the average adult produces $75,000 of output per year, how much output is lost as a result of deaths from secondhand smoke, according to the news?
Q3. In what ways does the study on poverty misrepresent the extent of the problem?