You have chosen biology as your college major because you would like to be a medical doctor.

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October 1, 2018
In This Assessment, You Will Conduct A Risk And Mitigation Analysis And Cost-Benefit Analysis And Report On Your Findings. Scenario The Senior Management Of Your Care Setting Has Reviewed Your Executive Brief: Proposal Of A New Economic Opportunity And profile
October 1, 2018

You have chosen 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 14 percent. If you are accepted to medical school, then your starting salary when you graduate will be $321,000 per year. However, if you are not accepted, then you would choose to work in a zoo, where you will earn $33,000 per year. Without considering the additional years you would spend in school if you study medicine or the time value of money.whats the standard deviation?

 
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